Minnehaha County, SD Home Values & Market Trends

The median home price in Minnehaha County, SD is $316,085.44. There were 2,148 home sales in Minnehaha County, SD over the past 12 months. The median residential Minnehaha County, SD home value for transactions over the previous year is $305,617.359. The number of current listings in Minnehaha County, SD is 413, and the percentage of properties for sale is 413.00%. The county has 34 foreclosures, 16 bank owned properties, 18 headed for auction, and 413 properties for sale.

Minnehaha County, SD Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Sioux Falls

$ 327,725

$ 178/sqft

Valley Springs

$ 352,600

$ 216/sqft

Brandon

$ 395,250

$ 166/sqft

Humboldt

$ 188,000

$ 156/sqft

Garretson

$ 294,000

$ 171/sqft

Renner

$ 614,700

$ 163/sqft

Hartford

$ 444,250

$ 183/sqft

Baltic

$ 395,450

$ 164/sqft

Dell Rapids

$ 309,000

$ 155/sqft

Colton

$ 251,100

$ 130/sqft

Crooks

$ 397,600

$ 250/sqft

Lyons

$ --

$ --

Housing Market Summary for Minnehaha County, SD

Apr 2023March 2024Change
Median Listing Price$335K$319K-4.78%
Median Sold Price$280K$319K13.93%
Homes For Sale333320-3.90%
Homes Sold827726-12.21%
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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 Minnehaha County, SD

Minnehaha County, SD home values range from $30,612 to $5,092,000. Renner is the priciest city with a median listing home price of $799,750, and Humboldt is most affordable with average house prices of around $160,000.

Foreclosure
There are 12 cities within Minnehaha County, SD; within these cities, the median estimated home value for homes in foreclosure ranges from $293,000 in Sioux Falls to the lowest value of $69,900 in Sioux Falls. Foreclosure homes account for 0.00% of properties in Minnehaha County, SD with Sioux Falls containing 34 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Minnehaha County, SD with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 12 cities within Minnehaha County, SD; of those cities, 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 Minnehaha County, SD ranges from the highest value of $361,900 in Baltic to the lowest value of $69,900 in Sioux Falls. Bank owned homes and properties account for 0.03% of properties in Minnehaha County, SD. There are 12 cities within Minnehaha County, SD; Sioux Falls containing 14 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Sioux Falls has 20 auction properties, the highest number of properties going to auction in a single city in the state of Minnehaha County, SD. Auction homes and other auction properties account for 0.03% of all properties in Minnehaha County, SD. There are 12 cities within Minnehaha County, SD; of those cities, the median estimated home value for homes going to auction ranges from $384,750 in Brandon to the lowest value of $206,250 in Brandon.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.65% of residential properties in Minnehaha County, SD with Sioux Falls containing 431 homes for sale, the highest number of listed properties in a single city. There are 12 cities within Minnehaha County, SD; homes for sale in those cities, have a range of median values from $761,600 in Renner to the lowest value of $52,605 in Dell Rapids.
    Sold Homes
    The median value for recently sold homes ranges from $654,615 in Valley Springs to the lowest price of $45,987 in Valley Springs. There are 12 cities within Minnehaha County, SD. Sioux Falls has 513 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.04% of properties in Minnehaha County, SD.

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      Guide for Minnehaha County, SD

      Market Reports
      Pierre Real Estate Peaking at $1.2M – April 2024 Market Report
      Market Reports
      2023 Review: Sioux Falls Real Estate Sees 9% Drop in Property Value, 11% Rise in Sale Price Per Square Foot
      Home Buying Guides & Tips
      South Dakota Foreclosure Laws
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      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.

      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.

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

      South Dakota Foreclosure Laws

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.