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SIOUX FALLS, SD 57108

Real Estate Market Report  ·  Lincoln County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
213
⇧ 26.8% vs 168 last year
Pending
47
22% pending ratio
Median Price
$362,200
⇩ 8.5% vs $395,701 last year
Average Price
$492,524
⇧ 0.4% vs $490,367 last year
Days on Market
65
⇧ 27.5% vs 51 days last year

Market Context

Population: 31,255  ·  Density: 397.0/mi²  ·  Median household income: $93,630

Typical home value: $374,926  ·  Homeownership: 63.8%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SIOUX FALLS, SD real estate market (57108) currently shows 213 active listings, with 47 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 45 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 65 days on market compared to 51 days last year.

The median listing price has fallen 8.5% year-over-year, from $395,701 to $362,200.

Whether you are buying or selling in SIOUX FALLS, SD, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 213 this year vs 168 last year
  • Days on market: 65 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $362,200 (-8.5% YoY)
  • Average: $492,524 (+0.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.7 miles — 758 listings ($378,682,378 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57108Sioux Falls, SD 571080.0 mi213$104,907,612$362,200$492,524
57032Harrisburg, SD 570323.9 mi61$30,856,057$419,900$505,837
57110Sioux Falls, SD 571105.7 mi241$136,265,497$492,800$565,417
57064Tea, SD 570648.6 mi87$37,727,202$389,500$433,646
57107Sioux Falls, SD 571079.9 mi109$42,161,527$349,999$386,803
57077Worthing, SD 5707711.5 mi3$1,359,840$398,750$453,280
57068Valley Springs, SD 5706812.5 mi3$1,524,900$399,900$508,300
57055Renner, SD 5705513.1 mi3$3,219,900$1,090,000$1,073,300
57015Chancellor, SD 5701514.3 mi2$999,800$499,900$499,900
57033Hartford, SD 5703315.9 mi20$11,775,640$432,450$588,782
51240Inwood, IA 5124017.0 mi7$2,651,299$234,900$378,757
51242Lester, IA 5124218.7 mi1$785,000$785,000$785,000
57030Garretson, SD 5703019.7 mi8$4,448,104$366,400$556,013

Frequently Asked Questions

How many homes are for sale in SIOUX FALLS, SD 57108?

As of January 2026, there are 213 active listings in SIOUX FALLS, SD (zip code 57108), compared to 168 the prior year.

What is the median home price in SIOUX FALLS, SD 57108?

The median listing price in SIOUX FALLS, SD 57108 is $362,200 as of January 2026, a 8.5% decrease from $395,701 the prior year.

How long do homes stay on the market in SIOUX FALLS, SD?

Homes in SIOUX FALLS, SD 57108 spend an average of 65 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in SIOUX FALLS, SD 57108?

Based on current inventory and days-on-market data as of January 2026, SIOUX FALLS, SD 57108 is currently a Buyer's Market. Inventory has increased compared to last year, with 45 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 65 days on market compared to 51 days last year.

How much can I save on real estate commission in SIOUX FALLS, SD?

With SELL123.com's maximum 3% commission, sellers in SIOUX FALLS, SD 57108 save an estimated $7,244 compared to a typical 5% commission on the median listing price of $362,200. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.