Sioux Falls home values in this rolling three-month window are slightly higher than a year ago, with the typical home value up a bit from last June. Median list prices, however, have edged down year over year, suggesting sellers are pricing more cautiously. The share of homes selling above list has dropped noticeably from the much hotter conditions seen in 2023 and 2022.
Looking at the latest rolling period through June 2026, the typical home value sits around the mid-$300,000s, while the median list price is very similar. Inventory has thinned compared with last year, with active listings down double digits year over year and new listings also trending lower. Even with fewer homes coming on the market, about 903 properties sold in the period, slightly more than a year ago. Months of supply is just 2.3, keeping Sioux Falls in a seller’s market.
Homes are moving faster than last summer, with median days on market dropping from the mid-50s to just about a month, and more than 42 percent going off-market within two weeks. The average sale-to-list price ratio is just under 99 percent, which shows buyers still need to make strong offers while many sellers must stay realistic on pricing. With conditions shifting but still tilted toward sellers, both buyers and sellers in Sioux Falls can benefit from Agent Pronto’s help in finding an experienced local agent to guide their decisions.
