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 4 Days Ago

Newest Listings in Sioux Falls, SD

Nearby Markets to Sioux Falls, SD

What housing markets are near Sioux Falls, SD?