Here’s a look at the Sioux Falls Real Estate Market for January 2020. According to statistics from the REALTOR® Association of the Sioux Falls Empire, Inc., the median price of homes for sale in Sioux Falls is up 4.1 percent when compared to last year. Read more about this month’s real estate market trends.
👀 A Look at Housing Stats
We began the month of January with the median sale price for homes in Sioux Falls at $213,400. This amount shows a decrease from the $228,050 recorded last month but an increase of 4.1 percent from the $204,999 this time last year.
The average sales price for homes in Sioux Falls is $257,307 for January, which is up from the $254,479 last month. We see an increase of 8.5 percent from the $237,160 this month in 2019.
📊 What Does this Data Mean?
We entered January with 763 active listings of homes for sale in Sioux Falls. The number of active listings is down 12.4 percent from 871 in 2019. Last month, we had 901 active listings in Sioux Falls.
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💲 What does this mean for Sioux Falls home buyers?
There were 167 new listings added to the Sioux Falls real estate market inventory last month. The number of new listings is showing a significant drop from last month’s 255. However, when looking at numbers year over year, we see an increase of 5.7 percent.
If one of your goals is to purchase a new home in 2020, you’ll want to stay on top of new listings in Sioux Falls by signing up for free e-mail alerts. Simply 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 98.7% of their original asking price. Homes are staying on the market an average of 79 days, which is up 2.2 percent from last year’s 77 days.
🏘️ 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 $257,307 or less.