Market Report · September 2026
The Sioux Falls housing market, in plain English.
Here’s the short version: Sioux Falls remains a tight, steady market. Homes are selling close to asking in roughly six to seven weeks, prices are up modestly, and buyers who are pre-approved and ready to write an offer are at an advantage. Here are the numbers behind that, and what they mean for you.
Last updated September 2026 · sources: Realtors Association of the Sioux Empire (RASE MLS) and public market trackers
$330K–340K
Median sale price
Typical closed sales in the Sioux Falls area through mid-2026, depending on the month and the source.
~47 days
Days on market
How long homes have been taking to sell on average, down from a year earlier as demand stayed strong.
~3 months
Supply of homes
Tight inventory: roughly three months of supply, well below a balanced market and down sharply year over year.
Modest
Price growth
Steady single-digit appreciation. Growth, not spikes, which is a healthy kind of market to buy into.
For buyers
What this means if you’re buying
A tight market means the good homes don’t linger. The practical version of that: get pre-approved before you find the house, know what you’re willing to offer, and move when the right one shows up. Don’t fall in love with a list of “must sees” that sit on the market, they’re on the market for a reason.
The other side is reassuring: prices are growing steadily, not spiking, so the pressure is “move when it fits,” not “hide under a rock.” I’ll help you read each home and each neighborhood on its own terms.
First-time buyer hubFor sellers
What this means if you’re selling
Low inventory is a seller’s tailwind: less competition means your home gets seen, and well-priced homes are moving in around six to seven weeks. But strong demand doesn’t survive a bad price. Overpriced homes still sit, get nibbled down, and end up selling for less than they would have at the right number from day one.
The winning play is honest pricing plus a home that shows well. That combination is where my prep guidance and market knowledge do the most work for you.
Selling guideThe fine print, and where to check it yourself.
Market numbers move every month, and different trackers measure slightly different things, so read any single stat with that grain of salt. These are the public sources I watch, and the ones behind the numbers above:
“What’s the latest number this month?”
That’s a great question to ask me directly. I pull fresh market data every month, and I’ll send you the current picture for your neighborhood, your price range, or your situation, no newsletter signup required.
Ask for the latest