Is Sioux Falls, SD 57105 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Sioux Falls is a seller’s market. With about 1.8 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.8Under 4 months = seller’s market

Sold above original list24%Share of sales, last 3 months

Median sale-to-list98%Sold price ÷ list price

Median days on market15Listing to accepted offer

Median price per sq ft$174▲ +0.4% vs. last year

Run the numbers for 57105

Prefilled for 57105Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57105Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Baltic 57003Seller’s market $194 /sq ft Brandon 57005Seller’s market $189 /sq ft Colton 57018 $146 /sq ft Crooks 57020Balanced $169 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology