The Sioux Falls housing market is somewhat competitive. The median sale price of a home in Sioux Falls was $310K last month, down 6.1% since last year. The median sale price per square foot in Sioux Falls is $184, down 3.1% since last year.
What is the housing market like in Sioux Falls today?
In April 2024, Sioux Falls home prices were down 6.1% compared to last year, selling for a median price of $310K. On average, homes in Sioux Falls sell after 65 days on the market compared to 49 days last year. There were 222 homes sold in April this year, up from 173 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$310,000
-6.1% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Sioux Falls, SD
$310,000
-6.1%
United States
To compare other locations to the Sioux Falls and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Sioux Falls's median sale price is 26% lower than the national average. Overall cost of living in Sioux Falls is 9% lower than the national average. Learn which home features in Sioux Falls add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Sioux Falls housing market?
Sioux Falls is somewhat competitive. Homes sell in 70 days.
0
100
39
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 70 days.
Hot homes
can sell for around list price and go pending in around 37 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Sioux Falls housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Sioux Falls.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Sioux Falls has a moderate risk of flooding. 5,320 properties in Sioux Falls are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Sioux Falls. Flood risk is increasing slower than the national average.
38% of properties are at risk of wildfire over the next 30 years
Fire Factor
Sioux Falls has a moderate risk of wildfire. There are 24,118 properties in Sioux Falls that have some risk of being affected by wildfire over the next 30 years. This represents 38% of all properties in Sioux Falls.
Sioux Falls has minimal risk of severe winds over the next 30 years
Wind Factor
Sioux Falls has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.