Metropolitan market · South Dakota · June 2026 data

Sioux Falls Real Estate Market

The Sioux Falls, SD housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Sioux Falls report in a click.

Median listing price
$368,000
▼ 6.8% YoY
Median $ / sq ft
$201
1,779 sq ft median
Median days on market
46
June 2026
Active listings
1,263
For sale now
New listings
488
June 2026
Listings with price cuts
14%
Share of active
Median sale price (closed)
$354,500
▲ 5.8% YoY · closed sales
Sale-to-list ratio
98.8%
Closed sales
Homes sold / month
409
Closed sales
Median listing price trend
$395K$386K$377K$369K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Sioux Falls SD · trailing 8 quarters · source: public records and industry data.

The 10-year view
$400K$355K$310K$265K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Sioux Falls SD · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
1,263
New this month
488
Pending
639
Price-reduced
171

As of June 2026, the median home listed in Sioux Falls, SD asks $368,000 — down 6.8% from a year ago. Homes are taking a median of 46 days to go under contract, and 14% of the 1,263 active listings have taken a price cut, which points to a balanced market. Figures cover the Sioux Falls, SD-MN metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
54/100
#369 of 932 covered metros
12-month outlook
+0.3%
Flat · model output, not advice
Price volatility
Low
σ 4.5% · 20-yr price-index swings
Momentum
50
Value
69
Rental yield
46
Supply risk
57
Market heat
67

Sioux Falls scores 54/100 on our composite Investor Score (#369 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 45% over five years and +89% over ten, leaving prices 41% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,150/mo for a two-bedroom, the gross rental yield on the median listing is about 3.8%; active inventory sits at 92% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 6.8% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Sioux Falls ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,659/mo
−$189/mo vs today
At today's rate · 6.43%
$1,847/mo
National weekly average
If rates rise 1% · 7.43%
$2,044/mo
+$197/mo vs today

Principal & interest on the $368,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
2,409
▼ 13.2% vs 2024
8.2 per 1,000 residents
Net migration (2022–2023)
+1,747
▲ people, via tax-return records
net income flow +$111.5M/yr
Job growth (YoY)
-0.3%
▼ 183.9k nonfarm jobs · May 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Sioux Falls market FAQs

What is the median home price in Sioux Falls?
As of June 2026, the median listing price in Sioux Falls, SD is $368,000, down 6.8% year over year (source: public records and industry data). Figures cover the Sioux Falls, SD-MN metro area.
How fast are homes selling in Sioux Falls?
The median property in Sioux Falls spends 46 days on the market, with 1,263 homes actively listed and 14% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Sioux Falls?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Sioux Falls and the wider South Dakota market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Sioux Falls, SD-MN metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.