Housing Prices in Sioux Falls, SD

How much do homes in Sioux Falls, SD cost?

Median List Price

$345,000

$195/sqft

Based on all homes listed in October 2024.

Difference Since Last Month

-$17,757(-4.9%)

Key Takeaway

The list price of homes in Sioux Falls has decreased by 4.9% since September.

Summary: The median home list price in Sioux Falls was $345,000 in October 2024, down 4.9% from the previous month, and the median price per square foot was $195.

Median List Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $172.5K$179.9K
+4.3%
2 $298.9K$277.4K
-7.2%
3 $330K$319K
-3.3%
4 $412K$399K
-3.2%
5+ $592.8K$568.8K
-4.0%

Summary: Sioux Falls housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 4%.

Median List Price Compared To Nearby Cities

Split Rock Township
0.0%
Wayne Township
-0.4%
Springdale Township
-0.5%
Sioux Falls
-4.9%
Mapleton Township
-14.8%

Housing Supply in Sioux Falls, SD

How many homes are available in Sioux Falls, SD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
498891+78.9%

Summary: The Sioux Falls real estate market had 891 homes for sale in October 2024, a 78.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 611
+83.3%
2 119200
+68.1%
3 181323
+78.5%
4 109206
+89.0%
5+ 83151
+81.9%

Summary: The Sioux Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 68.1%, 3 bedroom homes increased by 78.5%, 4 bedroom homes increased by 89%, and 5+ bedroom homes increased by 81.9%.

Days on Market for Sioux Falls, SD

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

Average Listing Age

Sep 2024Oct 2024CHANGE
65 Days61 Days-6.6%

Summary: Homes in Sioux Falls had an average listing age of 61 days in Oct 2024, down by 6.6% 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?