Housing Prices in Sioux Falls, SD

How much do homes in Sioux Falls, SD cost?

Median List Price

$344,950

$195/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

-$13,568(-3.8%)

Key Takeaway

The list price of homes in Sioux Falls has decreased by 3.8% since October.

Summary: The median home list price in Sioux Falls was $344,950 in November 2024, down 3.8% from the previous month, and the median price per square foot was $195.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $134.9K$130K
-3.7%
2 $299.3K$281.7K
-5.9%
3 $320K$319.5K
-0.2%
4 $403.8K$399K
-1.2%
5+ $592.8K$564.9K
-4.7%

Summary: Sioux Falls housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 4.7%.

Median List Price Compared To Nearby Cities

Split Rock Township
+2.3%
Springdale Township
+0.6%
Wayne Township
0.0%
Sioux Falls
-3.8%
Mapleton Township
-13.8%

Housing Supply in Sioux Falls, SD

How many homes are available in Sioux Falls, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
584844+44.5%

Summary: The Sioux Falls real estate market had 844 homes for sale in November 2024, a 44.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1015
+50.0%
2 144192
+33.3%
3 195295
+51.3%
4 126198
+57.1%
5+ 109144
+32.1%

Summary: The Sioux Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 51.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 32.1%.

Days on Market for Sioux Falls, SD

How long does it take to sell a home in Sioux Falls, SD?

Average Listing Age

Oct 2024Nov 2024CHANGE
64 Days70 Days+9.5%

Summary: Homes in Sioux Falls had an average listing age of 70 days in Nov 2024, up by 9.5% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Sioux Falls, SD

Nearby Markets to Sioux Falls, SD

What housing markets are near Sioux Falls, SD?