The Sioux Falls market, in plain English

Numbers are only useful if you know what they mean for you. Here's where the market stands this month, and what Samuel is telling his buyers and sellers.

Median List Price

$396,375

▼ $2,625 week over week

Active Inventory

649

▲ 7 homes for sale

Median Days on Market

For a typical listing

Listings With Price Cuts

32.4%

▲ 0.7% week over week

Source: Altos Research via RealTrends, City of Sioux Falls, data as of October 20, 2026. Figures reflect active listings and change weekly.

For Buyers

You have room to negotiate

Nearly one in three listings has cut its price, and the typical home is sitting about two months. That means fewer bidding wars and more chances to ask for closing-cost help, repairs or a better price, especially on homes that have been on the market a while.

Samuel's tip: Watch homes past 45 days on market. Sellers there are often the most motivated. Ask about listing alerts filtered for price drops.

For Sellers

Price it right from day one

Buyers have choices this fall, and they're comparing your home against 640+ others. Homes priced right at launch still sell. Homes that chase the market down with reductions tend to sit, and sell for less in the end.

Samuel's tip: Start with a real comparative market analysis, not an online estimate, and put your prep budget into the few fixes buyers actually pay for.

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