Here’s a look at the Sioux Falls Real Estate Market for April 2020. According to statistics from the REALTOR® Association of the Sioux Falls Empire, Inc., the number of closed sales was up 19.6 percent when compared to year-over-year numbers. Read more about this month’s real estate market trends.
👀 A Look at Housing Stats
We began the month of April with the median sale price for homes in Sioux Falls at $220,575. This amount shows an increase from the $205,724 recorded last month and an increase of 10.3 percent from the $200,000 this time last year.
The average sales price for homes in Sioux Falls is $257,740 for April, which is up from the $223,700 last month. We see an increase of 7.1 percent from the $240,710 this month in 2019.
📊 What Does this Data Mean?
We entered April with 873 active listings of homes for sale in Sioux Falls. The number of active listings is down 18.8 percent from 1,075 in 2019. Last month, we had 804 active listings in Sioux Falls.
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💲 What does this mean for Sioux Falls home buyers?
There were 417 new listings added to the Sioux Falls real estate market inventory last month. The number of new listings is showing a significant increase from last month’s 289. When looking at numbers year over year, we see an increase of 7.2 percent.
The best way to stay current on new listings in Sioux Falls is by signing up for free e-mail alerts. Put in your search criteria, and we’ll let you know when a new home comes on the market that meets your needs.
💵 What does this mean for Sioux Falls home sellers?
Sellers are currently receiving 99.1% of their original asking price. Homes are staying on the market an average of 94 days, which up 2 percent from the 92 days this month in 2019.
🏘️ Sioux Falls Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Sioux Falls. All homes here are priced at $257,740 or less.