Sioux Falls, SD Home Values & Market Trends
Real estate market trends reflect that there have been 1,731 transactions over the past year in Sioux Falls. The median value for residential home transactions that occurred over the previous year is $308,666.29. The number of current listings in Sioux Falls is 446, and the percentage of properties for sale in the city is 446.00%. Sioux Falls, SD currently has 34 properties in foreclosure, 14 bank owned properties, 20 properties headed for auction, and 446 properties for sale.
Sioux Falls, SD Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 57106 | $ 349,000 $ 180/sqft | 57105 | $ 299,000 $ 179/sqft |
| 57106 | $ 349,000 $ 180/sqft | 57105 | $ 299,000 $ 179/sqft |
| 57108 | $ 394,000 $ 214/sqft | 57104 | $ 218,750 $ 167/sqft |
| 57108 | $ 394,000 $ 214/sqft | 57104 | $ 218,750 $ 167/sqft |
| 57103 | $ 295,375 $ 169/sqft | 57107 | $ 324,000 $ 173/sqft |
| 57103 | $ 295,375 $ 169/sqft | 57107 | $ 324,000 $ 173/sqft |
| 57110 | $ 468,750 $ 188/sqft | 57197 | $ -- $ -- |
| 57110 | $ 468,750 $ 188/sqft | 57197 | $ -- $ -- |
Housing Market Summary for Sioux Falls, SD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $342.2K | $316.5K | -7.50% |
| Median Sold Price | $277.2K | $316.5K | 14.16% |
| Homes For Sale | 356 | 342 | -3.93% |
| Homes Sold | 674 | 570 | -15.43% |
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%.
Recently Sold Homes
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Browse Homes in Sioux Falls, SD
Sioux Falls home values range from $30,612 to $4,480,000. The median estimated value of a home in Sioux Falls is $308,666.29. The median list price of a home is 347,450, and the total count of properties in the city is 61,278.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Sioux Falls, SD ranges from the highest value of $361,900 in 57107 to the lowest value of $69,900 in 57104. Bank owned homes and properties account for 0.02% of properties in Sioux Falls, SD. There are 16 zips within Sioux Falls, SD; 57104 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions57104 has 7 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 0.03% 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 $273,900 in 57110 to the lowest value of $206,250 in 57110.
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Guide for Sioux Falls, SD
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
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
