Is Sioux Falls, SD 57108 a buyer’s or seller’s market?
Sioux Falls is a seller’s market. With about 3.6 months of supply and 14% 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.
Competition score47/ 100
More competitive than 48% of U.S. ZIP codes, and #14 of 33 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3.6Under 4 months = seller’s market
Sold above original list14.4%Share of sales, last 3 months
Median sale-to-list99%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$195▲ +1.6% vs. last year
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Nearby markets
Beresford 57004Seller’s market $168 /sq ftCanton 57013Buyer’s market $131 /sq ftFairview 57027 — /sq ftHarrisburg 57032Balanced $200 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology