United States > South Dakota > Minnehaha > Sioux Falls

Sioux Falls South Dakota Housing Market Overview

The Sioux Falls housing market continues to show strong fundamentals in 2025, with current median home prices at $315,000 representing a healthy 5% increase from last year. This growth, combined with a median price per square foot of $180, positions Sioux Falls as an attractive market for homeowners considering a sale. Properties typically spend about 58 days on the market, and there’s a remarkable 99.1% sale-to-list price ratio, suggesting buyers are willing to pay close to the asking prices. The market remains dynamic across various property types, including single-family homes and multi-family properties, with particular strength in established neighborhoods like Tea, Harrisburg, and Brandon. The overall cost of living in Sioux Falls is 9% below the national average, which makes it an appealing destination for buyers and contributes to consistent demand across all price points.

Why now is a good time to sell your property in Sioux Falls South Dakota

We serve throughout Greater Sioux Falls, including Lennox, Beresford, Canton, Dell Rapids, Hartford, Tea, Harrisburg, and Brandon. Our service covers all property types, such as single-family homes and multi-family buildings.

We serve all local areas and conditions: All major Sioux Falls zip codes (57103, 57104, 57105) are included, as well as properties in any condition — no repairs needed, and all price points in our $315,000 median market, including modern homes and those needing updates, both in urban and suburban locations.

With deep knowledge of local market dynamics, including our 9% lower cost of living and home prices that are 27% below national averages, we provide fair offers that reflect true market value.

Experience a Better Way to Sell Your Sioux Falls Home

Benefits of Owner Advocate

Benefits of Owner Advocate


In a market where homes typically spend 58 days listed and median prices hover around $315,000, our process offers unmatched speed and certainty. You’ll save thousands in traditional selling costs while gaining complete control over your timeline.
Connect with Cash Buyers in Four Simple Steps

The process includes first an initial consultation where you share your situation and timeline in a no-pressure discussion. This is followed by a property evaluation where we assess your home’s value based on current market conditions. Next, you’ll receive a cash offer where you can expect your no-obligation offer within 72 hours, and finally, a quick closing option where you can close in as few as 10 days — you choose the timeline.

Our streamlined process has helped hundreds of local homeowners sell quickly and hassle-free, regardless of property condition. We serve all Sioux Falls neighborhoods and surrounding communities, providing fair cash prices based on the current $315,000 median market value.
$315,000
Median Sale Price
99.1%
List Price to Sale Price Ratio
58
Median Days on Market
$180
Price Per Square Foot
189
Number of Homes Sold (Month)
-27%
National Price Comparison
-9%
Cost of Living vs National
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Sioux Falls Key Takeaways
Median Sale Price:
$315,000
Scottsdale housing market is changing
$315,000
The average home value is $315,000 and goes to pending in around 58 days.
58
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Sioux Falls South Dakota?

Life changes often require quick home sales in Sioux Falls. Whether facing job relocation, financial challenges, inherited property responsibilities, or divorce situations, waiting the average 58 days for a traditional sale isn’t always feasible. In our dynamic market, where homes average $315,000 in value, quick sales can provide immediate solutions.

Common situations include urgent job transfers with major local employers, the need to access home equity rapidly, managing inherited properties from afar, divorce property divisions, avoiding foreclosure while protecting credit, and reducing ongoing property costs.

For homeowners in Sioux Falls and surrounding areas like Brandon, Tea, and Harrisburg, a quick sale offers relief from prolonged selling stress and ongoing expenses.

Frequently Asked Questions About Selling Your Sioux Falls Home

Q: How quickly can you close on my house in Sioux Falls?

A: We can close in as few as 10 days with our cash offer, in contrast to the typical 58-day market time. You’ll receive an offer within 72 hours and can choose your closing date.

Q: Do you buy homes in as-is condition?

A: Yes, our network of buyers purchases homes throughout Sioux Falls and surrounding areas in any condition. No repairs, cleaning, or improvements are needed.

Q: Are there any fees or commissions?

A: No fees or commissions! We cover all closing costs, saving you thousands compared to traditional 6-8% realtor fees on Sioux Falls’ $315,000 median home price.

Q: How does your home buying process work?

A: Contact us about your property, receive a cash offer within 72 hours based on current market conditions, and close as quickly as 10 days if you accept. We handle all paperwork.

Q: What areas of Sioux Falls do you serve?

A: We connect sellers with buyers throughout Greater Sioux Falls and surrounding communities, covering all major zip codes and nearby towns like Hartford, Dell Rapids, Canton, and Harrisburg.

Get Top Dollar for your Home

Ready to sell your Sioux Falls home fast? Connect with our network of buyers for a stress-free solution with these guarantees:

✓ Cash offer within 72 hours
✓ Close in as few as 10 days
✓ No repairs or cleaning needed
✓ Zero fees or commissions
✓ We handle all paperwork

Why Choose Us:
  • Skip the typical 58-day market wait in Sioux Falls’ $315,000 median market.
  • Whether you own property in Tea, Brandon, downtown Sioux Falls, or surrounding areas, our buyers purchase homes in any condition.
  • Contact us today for your custom solution and move forward with confidence.