Here’s a look at the Sioux Falls Real Estate Market for July 2020. According to statistics from the REALTOR® Association of the Sioux Falls Empire, Inc., even with the current pandemic, current housing prices remain consistent with those at this same time last year. Read more about this month’s real estate market trends.
👀 A Look at Housing Stats
We began the month of July with the median sale price for homes in Sioux Falls at $229,775. This amount shows a slight decrease from the $229,900 recorded last month and an increase of 0.1 percent from the $229,550 this time last year.
The average sales price for homes in Sioux Falls is $264,630 for July, which is up from the $263,574 last month. We see a small drop of 1 percent from the $264,630 this month in 2019.
📊 What Does this Data Mean?
We entered July with 867 active listings of homes for sale in Sioux Falls. The number of active listings is down 33.3 percent from 1,299 in 2019. Last month, we had 891 active listings in Sioux Falls.
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💲 What does this mean for Sioux Falls home buyers?
There were 450 new listings added to the Sioux Falls real estate market inventory last month. The number of new listings is showing an increase from last month’s 380. When looking at numbers year over year, we see a decrease of 21.9 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 99.4% of their original asking price. Homes are staying on the market an average of 75 days, which shows an improvement of 1.7 percent from the 77 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 $264,630 or less.