June 8, 2026

There are significantly fewer houses available for sale in Sioux Falls today compared with last year — and those that are selling have higher price tags.

The market saw a 3.2-month supply of homes in May, down 45 percent from a 5.8-month supply this time last year.

The average sales price pushed over $400,000 in May — landing at $411,364, or 8.6 percent more than last year, according to the Realtor Association of the Sioux Empire Inc.

The median price rose 5.1 percent to $356,8000.

Sioux Falls reported 389 closed sales in May, down from 402 the same time last year. There were 647 new listings, versus 703 last year.

Nationally, “sales remained unchanged year over year,” according to an analysis including with the report.

“Regionally, existing-home sales rose in the Midwest and South, were flat in the Northeast and declined in the West. Year over year, sales increased in the South, held steady in the West and fell in the Northeast and Midwest.”

The average house in Sioux Falls spent 89 days on the market before selling, or two fewer than a year ago.

Sellers received on average 98 percent of original list price, about even with last year.

The price range that tended to sell the quickest was $150,000 to $200,000 at 81 days, while homes priced over $2 million sold the slowest at 173 days.