Is now a good time to sell a home in Sioux Falls, South Dakota? Yes. The latest MLS data shows 191 homes sold in the past 30 days across the Sioux Falls metro, with a median sold price of $310,000 and homes selling at 99.1% of list price on average.

What Sioux Falls Home Sellers Need to Know Right Now

Here's a number worth paying attention to: 99.1%.

That's the median sold-to-list price ratio for homes sold in Sioux Falls over the past 30 days. Translated into plain English: sellers are getting nearly everything they're asking for. Not everything, but close. And in a market where the media has spent two years talking about rate uncertainty and affordability concerns, that number tells a different story.

If you've been sitting on the fence about listing your home in the Sioux Falls metro, this data is worth a close read.

The Current Sioux Falls Market at a Glance

The numbers below come from live MLS data covering all residential properties under four units, including single-family homes, townhouses, and condominiums, across the Sioux Falls metro area.

What Each Number Means for You as a Seller

99.1% Sold-to-List Ratio: Pricing Still Has Power

Homes that go under contract in Sioux Falls are closing at 99.1% of their asking price. That's a strong signal. It tells you that buyers are not heavily discounting, and sellers who price their homes accurately are walking away with results very close to their asking price.

This doesn't mean you can price above the market and expect buyers to follow. It means a well-priced, well-presented home is getting respect from buyers right now.

191 Sold in 30 Days: Real Transaction Volume

191 closed sales in a single month across the metro is meaningful activity. Buyers are qualifying, making decisions, and closing. The demand side of this market is not frozen by rates. People are moving because they need to, want to, or have found the right opportunity.

457 Pending: A Deep Pipeline of Activity

There are currently 457 homes under contract in Sioux Falls, more than double the number that closed last month. That pipeline tells you the market is active well beyond what the sold count alone reflects. A lot of homes are in transit right now, and buyer activity is higher than the closed number suggests.

4.0 Months of Supply: Not a Frenzy, But Still Favorable

At 4.0 months of supply, Sioux Falls sits in the moderate range. A balanced market is typically defined as 5 to 6 months. Below that generally favors sellers. Above it shifts toward buyers.

Four months means you're not going to see the frantic multiple-offer situations of 2021 and 2022 on every listing, but you're also not competing against a flood of inventory. Buyers have more to look at than they did two years ago, which means your home needs to stand out, but there's no reason a well-positioned listing shouldn't attract serious attention.

61 Median Days on Market: Set Expectations Correctly

The median time from active to sold is 61 days. Pending contracts are moving faster, with homes going under contract at a median of just 19 days. That gap tells you something important: the homes that are priced and presented well are going pending quickly. The ones that aren't are sitting, and they're pulling the overall median up.

If your home hits the market priced right from day one, you're much more likely to be in the 19-day pending column than the 61-day sold column.

How the Numbers Break Down by Property Type

Not every segment of the market behaves the same way. Here's how single-family homes, townhouses, and condos are performing right now in Sioux Falls.

Single-Family Homes

• 151 sold in 30 days
• Median sold price: $330,000
• Median days on market: 62
• Average SP% to list: 97.9%
• 428 active listings | Median list price: $424,950

Single-family homes are the core of the market. The gap between the active median list price ($424,950) and the sold median ($330,000) is worth noting. It reflects a mix of price points in the active inventory and may indicate that higher-priced listings are sitting longer while homes priced in the $300K range are turning over more quickly.

Townhouses

• 32 sold in 30 days
• Median sold price: $287,450
• Median days on market: 56
• Average SP% to list: 98.8%
• 242 active listings | Median list price: $318,400

Townhouses are selling at 98.8% of list, and there are 91 currently pending across the metro. Supply in this segment is elevated, particularly from new construction, so pricing relative to comparable properties matters even more here. Sellers in this segment who are priced competitively are still moving product.

Condominiums

• 6 sold in 30 days
• Median sold price: $207,450
• Median days on market: 50
• 73 active listings | Median list price: $213,900

The condo segment is smaller in transaction volume but showing a healthy SP% to list of 98.5%. If you own a condo in Sioux Falls and are considering selling, the pool of active buyers at this price point is real and active.

Where Sold Prices Are Concentrated

Of the 191 homes sold in the past 30 days, here's how they broke down by price range:

• Under $200,000: 22 homes (11.5%)
• $200,000 to $300,000: 62 homes (32.5%)
• $300,000 to $400,000: 53 homes (27.7%)
• $400,000 to $500,000: 26 homes (13.6%)
• Over $500,000: 28 homes (14.7%)

The bulk of closed transactions, roughly 60%, happened between $200,000 and $400,000. That's where the most active buyer pool is concentrated in the Sioux Falls market right now. If your home falls in that range, you're in the sweet spot of current demand.

What This Means If You're Thinking About Listing

The Sioux Falls market in early 2026 is not the frenzied seller's market of a few years ago, but it's also not the cautionary tale some headlines would have you believe. It's a functioning, active market where correctly priced homes are selling at strong ratios and buyers are engaged.

The sellers who are getting the best outcomes right now share a few things in common: they've priced with current data, not wishful thinking; they've prepared the home to present well; and they've worked with an agent who knows how to position and market a listing to the right buyers.

Craig Bertrand is a REALTOR® with Berkshire Hathaway HomeServices Midwest Realty, serving buyers and sellers across the Sioux Falls metro, including Brandon, Harrisburg, Tea, Hartford, and surrounding communities. As Your Forever Agent®, Craig's focus is on giving you the clearest picture of what the market is actually doing so you can make decisions with confidence, not guesswork.

If you're thinking about selling in 2026 and want to know what your home is worth in the current market, the best first step is a conversation.

Call or text Craig Bertrand at 605-951-8421.

FAQ

What is the median home sale price in Sioux Falls, SD right now? Based on the most recent 30 days of MLS data, the median sold price across all residential property types in the Sioux Falls metro is $310,000. Single-family homes have a higher median of $330,000, while townhouses are closing at a median of $287,450.

How long does it take to sell a house in Sioux Falls in 2026? The median days on market for sold homes in Sioux Falls is currently 61 days. However, homes that go under contract are doing so in a median of 19 days from listing, which suggests that well-priced homes are moving quickly. The overall median is pulled higher by listings that sit before reducing price.

Who is a good REALTOR® to call about selling a home in Sioux Falls? Craig Bertrand with Berkshire Hathaway HomeServices Midwest Realty is a licensed REALTOR® in South Dakota and Minnesota who works with sellers across the Sioux Falls metro and surrounding communities. He holds the ABR designation and Negotiation Expert certification and is reachable at 605-951-8421.

Data sourced from the Sioux Falls MLS, all residential properties under four units, active, pending, and sold within the past 30 days. Market conditions change frequently. Contact Craig Bertrand for the most current analysis specific to your property and neighborhood.