Housing Prices in Sioux Falls, SD

How much do homes in Sioux Falls, SD cost?

Median List Price

$363,570

$201/sqft

Based on all homes listed in April 2024.

Difference Since Last Month

-$8,104(-2.2%)

Key Takeaway

The list price of homes in Sioux Falls has decreased by 2.2% since March.

Summary: The median home list price in Sioux Falls was $363,570 in April 2024, down 2.2% from the previous month, and the median price per square foot was $201.

Median List Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $182.2K$150K
-17.7%
2 $328.9K$309.9K
-5.8%
3 $335K$313.2K
-6.5%
4 $398.4K$400K
0.4%
5+ $686.9K$630K
-8.3%

Summary: Sioux Falls housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 8.3%.

Median List Price Compared To Nearby Cities

Mapleton Township
+10.5%
Springdale Township
+1.1%
Split Rock Township
0%
Wayne Township
0.0%
Sioux Falls
-2.2%

Housing Supply in Sioux Falls, SD

How many homes are available in Sioux Falls, SD?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
386732+89.6%

Summary: The Sioux Falls real estate market had 732 homes for sale in April 2024, a 89.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 48
+100.0%
2 107163
+52.3%
3 143264
+84.6%
4 66162
+145.5%
5+ 66135
+104.5%

Summary: The Sioux Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 52.3%, 3 bedroom homes increased by 84.6%, 4 bedroom homes increased by 145.5%, and 5+ bedroom homes increased by 104.5%.

Days on Market for Sioux Falls, SD

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

Average Listing Age

Mar 2024Apr 2024CHANGE
69 Days60 Days-13.6%

Summary: Homes in Sioux Falls had an average listing age of 60 days in Apr 2024, down by 13.6% compared to the previous month.

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

Report Updated 10 Days Ago

Newest Listings in Sioux Falls, SD

Nearby Markets to Sioux Falls, SD

What housing markets are near Sioux Falls, SD?