Home / Market Update
Sioux Falls Housing Market Update
September 2026 numbers for the city of Sioux Falls, from the latest official report by the Realtor Association of the Sioux Empire. Updated November 4, 2026.
- $344,600
- Median sale price +1.8% vs. Sept 2025
- 219
- Homes sold +15.9% (189 last year)
- 81
- Average days on market 90 days a year ago
- 97.3%
- Of original list price 96.9% a year ago
- 1,011
- Homes for sale −25.7% year over year
- 3.8
- Months of supply −34.5% year over year
- 450
- New listings −2.2% (460 last year)
- $456,855
- Average sale price +19.4%, a monthly record
What the numbers say
More homes sold in Sioux Falls this September than last, and the typical home sold for $344,600, up 1.8% from a year ago. The record $456,855 average price was pulled up by a handful of high-dollar sales, including a $6 million estate on South Minnesota Avenue, so the median is the better guide to what a typical home is selling for.
The biggest story is still low inventory. There were about a quarter fewer homes for sale than a year ago, and the city ended September with a 3.8-month supply. Homes are selling faster than last year (81 days on average, down from about 90) and sellers received 97.3% of their original asking price on average.
Median price in 2026
What it means if you're buying
- With fewer homes on the market, good homes in popular price ranges can move quickly. Get pre-approved before you start touring.
- Homes still average 81 days on market and sell for about 97% of list price, so there's often room to negotiate, especially on homes that have been listed a while.
- Homes priced between $150,000 and $200,000 sold fastest in September (82 days on average).
What it means if you're selling
- Low inventory works in your favor: buyers have fewer choices than a year ago.
- Pricing still matters. Buyers are paying close to asking price, not far over it, so pricing right from day one is the best way to sell faster.
- Higher-end homes take longer: the $900,000 to $1 million range was the slowest-selling in September, at 124 days.
Source: Realtor Association of the Sioux Empire, as reported by SiouxFalls.Business (September 2026, city of Sioux Falls). Monthly medians from the association's 2026 reports. October 2026 figures will be added when the next report is released. Information is deemed reliable but not guaranteed.