Here’s a look at the Sioux Falls Real Estate Market for March 2020. According to statistics from the REALTOR® Association of the Sioux Falls Empire, Inc., the number of closed sales was up an impressive 13.9 percent when compared year-over-year. Read more about this month’s real estate market trends.
👀 A Look at Housing Stats
We began the month of March with the median sale price for homes in Sioux Falls at $205,724. This amount shows a decrease from the $214,950 recorded last month and an increase of 1.5 percent from the $202,590 this time last year.
The average sales price for homes in Sioux Falls is $223,700 for March, which is down from the $238,063 last month. We see a decrease of 1.6 percent from the $227,325 this month in 2019.
📊 What Does this Data Mean?
We entered March with 804 active listings of homes for sale in Sioux Falls. The number of active listings is down 18 percent from 980 in 2019. Last month, we had 775 active listings in Sioux Falls.
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💲 What does this mean for Sioux Falls home buyers?
There were 289 new listings added to the Sioux Falls real estate market inventory last month. The number of new listings is showing a drop from last month’s 312. However, when looking at numbers year over year, we see an increase of 0.3 percent.
During these times of change, the easiest 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 98.2% of their original asking price. Homes are staying on the market an average of 95 days, which is right in line with this time 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 $223,700 or less.