7 minutes on Rocket
$3,918 Closing Credit¹
#22504155, Rick Dunlap, Listing Office: Key Real Estate
Sioux Falls Housing Market Report May 2025•Minnehaha County, South Dakota
Housing Prices in Sioux Falls, SD
How much do homes in Sioux Falls, SD cost?
Median List Price
$392,172$204/SqFt
-$12,727
-3.1%
Based on all homes listed in May 2025
Insight
The list price of homes in Sioux Falls has decreased by 3.1% since April.
Summary: The median home list price in Sioux Falls was $392,172 in May 2025, down 3.1% from the previous month, and the median price per square foot was $204.
Median List Price By Cities
| City | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| Springdale Township | $411.2K | $429.9K | +4.5% |
| Split Rock Township | $705K | $715K | +1.4% |
| Wayne Township | $409.8K | $407.8K | -0.5% |
| Sioux Falls | $404.9K | $392.1K | -3.1% |
Median List Price By Bedrooms
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $182.4K | $140K | -23.3% |
| 22 Bedrooms | $327.1K | $299.9K | -8.3% |
| 33 Bedrooms | $344.9K | $320K | -7.2% |
| 44 Bedrooms | $428.4K | $407.8K | -4.8% |
| 55+ Bedrooms | $677.4K | $674.9K | -0.4% |
Summary: Sioux Falls housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes decreased by -23.3%. The home price for 2 bedroom homes decreased by -8.3%. The home price for 3 bedroom homes decreased by -7.2%. The home price for 4 bedroom homes decreased by -4.8%. The home price for 5 bedroom homes decreased by -0.4%.
How does Sioux Falls, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Sioux Falls, SD
Housing supply in Sioux Falls, SD
How many homes are available in Sioux Falls, SD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 733Last MonthMay 2025 | ||
| 3912 months agoApr 2025 | +87.5 % Change MoMApr – May |
Summary: The Sioux Falls real estate market had 733 homes for sale in May 2025, a 87.5 % increase compared to Apr 2025.
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 10 | +66.7% |
| 22 Bedrooms | 87 | 139 | +59.8% |
| 33 Bedrooms | 122 | 231 | +89.3% |
| 44 Bedrooms | 96 | 199 | +107.3% |
| 55+ Bedrooms | 80 | 154 | +92.5% |
Summary: Sioux Falls housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +66.7%. The inventory for 2 bedroom homes increased by +59.8%. The inventory for 3 bedroom homes increased by +89.3%. The inventory for 4 bedroom homes increased by +107.3%. The inventory for 5 bedroom homes increased by +92.5%.
Days on Market for Sioux Falls, SD
How long does it take to sell a home in Sioux Falls, SD?
Average Listing Age
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 65 DaysLast MonthMay 2025 | ||
| 78 Days1 month agoApr 2025 | -16.9 % Change MoMApr – May |
Summary: Homes in Sioux Falls had an average listing age of 65 days in May 2025, down by 16.9% compared to the previous month.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Sioux Falls, SD
What homes are available in Sioux Falls, SD?
16 minutes on Rocket
$7,113 Closing Credit¹
#22504154, Tony Ratchford, Listing Office: Keller Williams Realty Sioux Falls
1 hour on Rocket
$6,114 Closing Credit¹
#22504152, Tony Ratchford, Listing Office: Keller Williams Realty Sioux Falls
1 hour on Rocket
$2,731 Closing Credit¹
#22504151, Kate Patrick, Listing Office: 605 Real Estate LLC
1 hour on Rocket
$3,778 Closing Credit¹
#22504150, Brady Hyde, Listing Office: Keller Williams Realty Sioux Falls
12 hours on Rocket
$4,501 Closing Credit¹
#22504148, Sarah Ulmer, Listing Office: Keller Williams Realty Sioux Falls
16 hours on Rocket
$3,562 Closing Credit¹
#22504147, Abraham Carroll, Listing Office: Real Broker LLC
17 hours on Rocket
$2,969 Closing Credit¹
#22504146, Heather Elrod, Listing Office: Hegg, REALTORS
18 hours on Rocket
$10,000 Closing Credit¹
#22504145, Isaac Jorgensen, Listing Office: Bender REALTORS
18 hours on Rocket
$3,325 Closing Credit¹
#22504143, Rebecca Ohayon, Listing Office: Coldwell Banker Empire Realty
19 hours on Rocket
$6,234 Closing Credit¹
#22504142, Jack VanLeur, Listing Office: Alpine Residential
20 hours on Rocket
$10,000 Closing Credit¹
#22504140, Anita Wetsch, Listing Office: 605 Real Estate LLC
Nearby markets
Popular Cities with Homes for Sale in South Dakota
MLS Disclaimers and Copyright
Based on information from Sioux Empire MLS, for the period 04/01/2025 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. 
©2025 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:55:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.