Here’s a look at the Sioux Falls Real Estate Market for September 2019. According to statistics from the REALTOR® Association of the Sioux Falls Empire, Inc., the average price of homes for sale in Sioux Falls is up 19.7 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 September with the median sale price for homes in Sioux Falls at $224,000. This amount shows a decrease from the $226,500 recorded last month, but we see an increase of 9.3 percent from the $205,000 this time last year.
The average sales price for homes in Sioux Falls is $273,703 for September, which is up from the $270,921 in August. We see an increase of 19.7 percent from the $228,650 this month in 2018.
📊 What Does this Data Mean?
We entered September with 1,046 active listings of homes for sale in Sioux Falls. This number is up from the 1,016 active listings last month and down 7.8 percent from the 1,135 in 2018. After a slight decrease seen in our last report, the active numbers are again on the rise for the Sioux Falls real estate market area.
💲 What does this mean for Sioux Falls home buyers?
There were 474 new listings added to the Sioux Falls real estate market inventory last month. New listings are showing a slight increase this month after the decrease we noted in last month’s report. There’s an increase of 5.3 percent when compared to last year’s 450 new listed homes.
The best way to stay informed when it comes to new listings in the Sioux Falls area is to sign up for free e-mail alerts. It’s as easy as putting in the search criteria you find essential in a home, and we send you new listings that match as soon as they come on the market.
💵 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 73 days, which is a slight decrease of 1 percent from last year.