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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
February 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 February 2026. Source: Realtor.com.

The SIOUX FALLS, SD real estate market (57108) currently shows 228 active listings, with 74 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 47 days last year.

The median listing price has fallen 7% year-over-year, from $396,055 to $368,225.

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
228
⇧ 18.8% vs 192 last year
Pending
74
32% pending ratio
Median Price
$368,225
⇩ 7% vs $396,055 last year
Average Price
$493,228
⇩ 2% vs $503,284 last year
Days on Market
61
⇧ 29.8% vs 47 days last year

Price Per Square Foot

Median $/sqft
$197
⇩ 4.8% vs $207/sqft last year
Median Home Size
1,670 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 228 this year vs 192 last year
  • Days on market: 61 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $368,225 (-7% YoY)
  • Average: $493,228 (-2% 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 — 758 listings ($378,682,378 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57108Sioux Falls, SD 571080.0 mi213$104,907,612$362,200$492,524
57032Harrisburg, SD 570323.9 mi61$30,856,057$419,900$505,837
57110Sioux Falls, SD 571105.7 mi241$136,265,497$492,800$565,417
57064Tea, SD 570648.6 mi87$37,727,202$389,500$433,646
57107Sioux Falls, SD 571079.9 mi109$42,161,527$349,999$386,803
57077Worthing, SD 5707711.5 mi3$1,359,840$398,750$453,280
57068Valley Springs, SD 5706812.5 mi3$1,524,900$399,900$508,300
57055Renner, SD 5705513.1 mi3$3,219,900$1,090,000$1,073,300
57015Chancellor, SD 5701514.3 mi2$999,800$499,900$499,900
57033Hartford, SD 5703315.9 mi20$11,775,640$432,450$588,782
51240Inwood, IA 5124017.0 mi7$2,651,299$234,900$378,757
51242Lester, IA 5124218.7 mi1$785,000$785,000$785,000
57030Garretson, SD 5703019.7 mi8$4,448,104$366,400$556,013

Frequently Asked Questions

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

As of February 2026, there are 228 active listings in SIOUX FALLS, SD (zip code 57108), compared to 192 the prior year.

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

The median listing price in SIOUX FALLS, SD 57108 is $368,225 as of February 2026, a 7% decrease from $396,055 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 61 days on the market before going under contract, compared to 47 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 February 2026, SIOUX FALLS, SD 57108 is currently a Buyer's Market. Inventory has increased compared to last year, with 36 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 47 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 $7,365 compared to a typical 5% commission on the median listing price of $368,225. 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.