How competitive is the Sioux Falls housing market?

Sioux Falls is moderately competitive as of September 2026, with a Sold Score of 60/100 (Good Chance of Selling). **Pending ratio** is 0.34 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +6.5% — more choices for buyers than a year ago. **Median days on market** is 48. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 27.4% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (September 2026): Sold Score: 60/100 (Good Chance of Selling) · Pending ratio: 0.34 · Inventory YoY: +6.5% · Median days on market: 48 · Sellers cutting price: 27.4% · Median listing price: $362,200 (-2.1% YoY)