Jan. 7, 2026

Home sales fell and prices struggled a bit to end the year in Sioux Falls.

There were 262 closed sales in December, down 12.1 percent from the previous year, according to the Realtor Association of the Sioux Empire Inc. New listings increased 3.7 percent on a year-over-year basis to 309.

The average house spent 90 days on the market before selling, which is a week longer than a year ago.

The average price of a home sold in December was $362,511, down 3.2 percent from the same time in 2024. The median price was $317,925, up 0.9 percent.

Sellers received on average 96.3 percent of original list price, down 1.8 percent from December 2024.

The market ended the year with a 3.5-month supply of homes for sale, down 24 percent from the previous year.

“U.S. existing home sales ticked up 0.5 percent from the previous month to a seasonally adjusted annual rate of 4.13 million, marking the third consecutive monthly increase,” according to the National Association of Realtors in an analysis included in the report. “However, sales were down 1 percent from the same period last year. Regionally, sales rose month over month in the Northeast and South, were unchanged in the West and declined in the Midwest.”

In Sioux Falls, the price range that tended to sell the quickest was $200,000 to $250,000 at 81 days; the price range that tended to sell the slowest was $2 million and above at 252 days.