Housing Prices in Sioux Falls, SD

How much do homes in Sioux Falls, SD cost?

Median List Price

$361,942

$207/sqft

Based on all homes listed in March 2024.

Difference Since Last Month

-$17,923(-4.7%)

Key Takeaway

The list price of homes in Sioux Falls has decreased by 4.7% since February.

Summary: The median home list price in Sioux Falls was $361,942 in March 2024, down 4.7% from the previous month, and the median price per square foot was $207.

Median List Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $162.2K$149.9K
-7.6%
2 $333.3K$316.9K
-4.9%
3 $356.8K$314.9K
-11.8%
4 $399.9K$397K
-0.7%
5+ $669.9K$674.9K
+0.8%

Summary: Sioux Falls housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 0.8%.

Median List Price Compared To Nearby Cities

Split Rock Township
+7.3%
Springdale Township
0.4%
Wayne Township
0%
Sioux Falls
-4.7%
Mapleton Township
-59.3%

Housing Supply in Sioux Falls, SD

How many homes are available in Sioux Falls, SD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
421665+58.0%

Summary: The Sioux Falls real estate market had 665 homes for sale in March 2024, a 58.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 46
+50.0%
2 114163
+43.0%
3 162249
+53.7%
4 78135
+73.1%
5+ 63112
+77.8%

Summary: The Sioux Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 43%, 3 bedroom homes increased by 53.7%, 4 bedroom homes increased by 73.1%, and 5+ bedroom homes increased by 77.8%.

Days on Market for Sioux Falls, SD

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

Average Listing Age

Feb 2024Mar 2024CHANGE
69 Days69 Days+0.9%

Summary: Homes in Sioux Falls had an average listing age of 69 days in Mar 2024, up by 0.9% compared to the previous month.

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

Report Updated 18 Days Ago

Newest Listings in Sioux Falls, SD

Nearby Markets to Sioux Falls, SD

What housing markets are near Sioux Falls, SD?