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.
Sioux Falls Housing Market Sees Strong Inventory
At the end of the month, there were 765 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 January of last year when the inventory supply was 3.2 months. For the real estate market to be considered balanced, there must be a 6-month supply of inventory. When it comes to the number of new listings in January, we see a mirror of last year at this time with 298 properties being added to the market.
January had a total of 143 condominiums and single-family homes sell. When you compare last year’s 142 homes sold during the month of January, you’ll see an increase in sales of 0.7%. The median price range of homes sold in Sioux Falls during the month of January was $194,900. This amount shows an increase of 3% from last year’s $189,195.
January ended with 765 homes on the market. This number is down 11.9% from the 868 sold last year at this time. With fewer options to choose from, this is not the time to slow down when it comes to choosing your home. There’s competition out there, and you can bet they are just as determined as you are to make that sale. Meet with your real estate agent to discuss your buying needs and create an offer than will catch the seller’s attention. Read More
Market Reports from 2018
|January 2018||February 2018|
Market Reports from 2017
|March 2017||July 2017|
|August 2017||September 2017|
|October 2017||November 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 $195,000 or less.