Market Intelligence Report — SD-MN-620

Sioux Falls, SD-MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-SD-MN-09
As of the latest 2026 data
Cooling

Median Listing

$362K
-2.1% YoY

Pending Ratio

0.34
-2.0% YoY

Active Inventory

1,469
+6.5% YoY

Median DOM

48 Days
-8.2% YoY

Primary Intelligence Tool — Sold Score™

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The Sioux Falls residential market is currently Cooling. The pending ratio stands at 0.34, indicating more supply relative to demand. Active listings have grown 6.5% year-over-year, contributing to the shift.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

Data not yet available.

Shows whether local employment conditions are supporting buyer demand.

Population & Migration

314,638+1.8% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Sioux Falls market right now.

The market is exhibiting a Cooling trend, with active listings increasing by 6.5% year-over-year and new listings up 8.0% year-over-year. Concurrently, the median listing price has seen a 2.1% decline year-over-year, while the median price per square foot has also decreased by 2.2%. The pending ratio has contracted by 2.0% year-over-year to 0.34.

Destinie Marshall
Destinie Marshall
Real

“Local pricing and inventory dynamics across Sioux Falls shift block by block — happy to walk through what's actually closing.”

Historical Analysis

Market Trends

Median Price

$362K+0.6% MoM

Active Inventory

1,469+6.5% YoY

Days on Market

48-8.2% YoY

Sold Score™

60-2.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

60
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current environment suggests less pressure on buyers to act quickly, as evidenced by a pending ratio of 0.34. The increase in active listings signals that supply is outpacing demand, allowing for more deliberate consideration. Negotiating dynamics reflect sustained inventory levels and a moderated pace of sales activity.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,469 active listings represent the current floor, with new supply arriving at roughly 434 per month.

Pricing Pressure
17.1%

of active listings carry a price reduction, +4.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.2% year-over-year.

Absorption
0.34

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Sioux Falls, SD-MN? Homes here are taking 4 days less to sell than last year.

Buyers have leverage in Sioux Falls, SD-MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
34%
Median Days on Market
48 days
Inventory YoY
+6%

In a buyer's market, strategy beats timing. See how your home scores in Sioux Falls, SD-MN and what moves the number.

See my Sold Score & selling strategy →

Talk to a listing expert who is actively selling in Sioux Falls, SD-MN.

Destinie Marshall →

Real

How these recommendations are chosen →

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Metro Demographics

Metro Area
Sioux Falls, SD-MN
CBSA Code
43620
State
SD-MN

ZIPs in Sioux Falls, SD-MN

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

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