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Prairie Tree Southeast Sioux Falls (Sioux Falls-SE) Southwest Sioux Falls (Sioux Falls-SW)

SIOUX FALLS, SD 57108

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 57108

Prairie Tree · Southeast Sioux Falls (Sioux Falls-SE) · Southwest Sioux Falls (Sioux Falls-SW)

Market Analysis

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

The SIOUX FALLS, SD real estate market (57108) currently shows 253 active listings, with 97 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 53 days on market compared to 36 days last year.

The median listing price has fallen 5.7% year-over-year, from $396,990 to $374,350.

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 Context

Market Context

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

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

Market Overview

Active Listings
253
⇧ 15.5% vs 219 last year
Pending
97
38% pending ratio
Median Price
$374,350
⇩ 5.7% vs $396,990 last year
Average Price
$522,375
⇧ 11.1% vs $470,041 last year
Days on Market
53
⇧ 47.2% vs 36 days last year

Price Per Square Foot

Median $/sqft
$196
⇩ 1% vs $198/sqft last year
Median Home Size
1,689 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 253 this year vs 219 last year
  • Days on market: 53 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $374,350 (-5.7% YoY)
  • Average: $522,375 (+11.1% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.7 miles — 799 listings ($408,824,186 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57108Sioux Falls, SD 571080.0 mi228$112,455,984$368,225$493,228
57032Harrisburg, SD 570323.9 mi68$33,856,248$447,450$497,886
57110Sioux Falls, SD 571105.7 mi262$156,372,866$495,175$596,843
57064Tea, SD 570648.6 mi88$37,673,240$387,300$428,105
57107Sioux Falls, SD 571079.9 mi97$37,609,713$344,600$387,729
57077Worthing, SD 5707711.5 mi5$2,029,165$215,000$405,833
57068Valley Springs, SD 5706812.5 mi4$2,454,400$613,600$613,600
57055Renner, SD 5705513.1 mi2$2,129,900$1,064,950$1,064,950
57015Chancellor, SD 5701514.3 mi3$727,200$242,400$242,400
57033Hartford, SD 5703315.9 mi20$12,762,880$477,500$638,144
51240Inwood, IA 5124017.0 mi9$3,262,950$236,950$362,550
51242Lester, IA 5124218.7 mi1$785,000$785,000$785,000
57030Garretson, SD 5703019.7 mi12$6,704,640$399,900$558,720

Frequently Asked Questions

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

As of March 2026, there are 253 active listings in SIOUX FALLS, SD (zip code 57108), compared to 219 the prior year.

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

The median listing price in SIOUX FALLS, SD 57108 is $374,350 as of March 2026, a 5.7% decrease from $396,990 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 53 days on the market before going under contract, compared to 36 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 March 2026, SIOUX FALLS, SD 57108 is currently a Buyer's Market. Inventory has increased compared to last year, with 34 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 53 days on market compared to 36 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 $7,487 compared to a typical 5% commission on the median listing price of $374,350. 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.