Enjoy this Sioux Falls Real Estate Market Report for this month. You can also do a home search and save your favorite properties. Set up a search and be alerted as soon as a matching property hits our database. It’s Exclusive.

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Sioux Falls Housing Market Sees Strong Inventory

The winter months began with November showing a strong real estate market in Sioux Falls. Pending sales were up and days on the market were down, a combination that has sellers feeling hopeful.

 At the end of the month, there were 738 homes listed with no offer. The inventory trend continues with 2.6 months of inventory available for potential home buyers. This number is down from December of last year when the inventory supply was 3.1 months. For the real estate market to be considered balanced, there must be a 6-month supply of inventory. Still, there is a light ahead when we consider that last year’s new listings for December were 140, while this December they increased 15.7% to 162.

December had a total of 249 condominiums and single-family homes sell. When you compare last year’s 234 homes sold during the month of December, you’ll see an increase in sales of 6.4%. The median price range of homes sold in Sioux Falls during the month of December was $195,000Read More

Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Sioux Falls Real Estate Market, use this instant home value estimate or call 605-212-8431.

Market Reports from 2018

January 2018

Market Reports from 2017

March 2017July 2017
August 2017September 2017
October 2017November 2017
December 2017

Sioux Falls Homes by Price

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Here’s the most recent home listings just added to the database in the average price range for Sioux Falls. All homes here are priced at $189,900 or less.