Sioux Falls, SD Home Values & Market Trends

Real estate market trends reflect that there have been 1,519 transactions over the past year in Sioux Falls. The median value for residential home transactions that occurred over the previous year is $312,368.07. The number of current listings in Sioux Falls is 447, and the percentage of properties for sale in the city is 447.00%. Sioux Falls, SD currently has 29 properties in foreclosure, 19 bank owned properties, 10 properties headed for auction, and 447 properties for sale.

Sioux Falls, SD Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
57106

$ 343,300

$ 174/sqft

57105

$ 319,950

$ 176/sqft

57106

$ 343,300

$ 174/sqft

57105

$ 319,950

$ 176/sqft

57108

$ 695,000

$ 182/sqft

57107

$ 345,000

$ 188/sqft

57108

$ 695,000

$ 182/sqft

57107

$ 345,000

$ 188/sqft

57110

$ 453,200

$ 196/sqft

57104

$ 239,900

$ 176/sqft

57110

$ 453,200

$ 196/sqft

57104

$ 239,900

$ 176/sqft

57103

$ 321,600

$ 169/sqft

57197

$ --

$ --

57103

$ 321,600

$ 169/sqft

57197

$ --

$ --

Housing Market Summary for Sioux Falls, SD

Jun 2023May 2024Change
Median Listing Price$362.3K$359.9K-0.65%
Median Sold Price$286.7K$322.6K12.52%
Homes For Sale471460-2.34%
Homes Sold648467-27.93%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Sioux Falls, SD

Sioux Falls home values range from $31,659 to $4,480,000. The median estimated value of a home in Sioux Falls is $312,368.07. The median list price of a home is 365,000, and the total count of properties in the city is 60,579.

Foreclosure
There are 16 zips within Sioux Falls, SD; within these zips, the median estimated home value for homes in foreclosure ranges from $365,250 in 57104 to the lowest value of $70,152 in 57104. Foreclosure homes account for 0.00% of properties in Sioux Falls, SD with 57104 containing 13 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Sioux Falls, SD with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 16 zips within Sioux Falls, SD; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Sioux Falls, SD ranges from the highest value of $360,500 in 57107 to the lowest value of $70,152 in 57104. Bank owned homes and properties account for 0.03% of properties in Sioux Falls, SD. There are 16 zips within Sioux Falls, SD; 57104 containing 12 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    57103 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Sioux Falls, SD. Auction homes and other auction properties account for 0.02% of all properties in Sioux Falls, SD. There are 16 zips within Sioux Falls, SD; of those zips, the median estimated home value for homes going to auction ranges from $348,447 in 57110 to the lowest value of $211,250 in 57110.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.74% of residential properties in Sioux Falls, SD with 57106 containing 99 homes for sale, the highest number of listed properties in a single zip. There are 16 zips within Sioux Falls, SD; homes for sale in those zips, have a range of median values from $2,413,000 in 57108 to the lowest value of $108,000 in 57106.
    Sold Homes
    The median value for recently sold homes ranges from $289,468 in 57108 to the lowest price of $37,070 in 57108. There are 16 zips within Sioux Falls, SD. 57106 has 148 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.90% of properties in Sioux Falls, SD.

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      Guide for Sioux Falls, SD

      Market Reports
      Sioux Falls May 2024 Housing Market Report May 2024
      Market Reports
      2023 Review: Sioux Falls Real Estate Sees 9% Drop in Property Value, 11% Rise in Sale Price Per Square Foot
      Market Reports
      Pierre Real Estate Peaking at $1.2M – April 2024 Market Report
      Home Buying Guides & Tips
      South Dakota Foreclosure Laws
      See More Articles
      Sioux Falls May 2024 Housing Market Report May 2024
      Market Reports|posted 10 June 2024

      The Sioux Falls real estate market in May 2024 shows robust, and when compared to neighboring cities, the city presents more affordable, yet competitive housing options.

      2023 Review: Sioux Falls Real Estate Sees 9% Drop in Property Value, 11% Rise in Sale Price Per Square Foot
      Market Reports|posted 8 April 2024

      The Sioux Falls real estate market has seen fluctuating property values, sale prices, and sale volumes between May 2023 to March 2024, reflecting a dynamic market condition.

      Pierre Real Estate Peaking at $1.2M – April 2024 Market Report
      Market Reports|posted 25 April 2024

      Pierre, SD’s real estate market has seen significant fluctuations, with diverse property types and values. Despite a lack of sales data hindering trend analysis, listed prices and values provide insight into market activity.

      South Dakota Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      South Dakota Foreclosure Laws

      Recently Listed Homes Sioux Falls, SD

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