How much does it cost to buy a house in Sioux Falls, SD?

In May 2026 Sioux Falls homes were listed to buy for a median price of $349K, which is a 8% decrease to April 2025 last month, and a 7% decrease to May 2025 last year. The median value of a home listed to buy in Sioux Falls in May 2026 was $193 per sqft, which is a 3% decrease to April 2025 last month, and a 3% decrease to May 2025 last year.

Is it affordable or expensive to live in Sioux Falls, SD?

It is affordable to live in Sioux Falls. Buying a home in Sioux Falls is 1% less expensive compared with the national average.

Is it a good time to buy property in Sioux Falls, SD?

Yes now is a good time to buy property in Sioux Falls, in May 2026, homes in Sioux Falls have decreased in value (price per sqft) by 3% in the last year compared with May 2025.

Is the Sioux Falls, SD housing market slowing down?

In May 2026, homes to buy in Sioux Falls spent an median 48 days on the market, a same May 2025 last year.

What are the best and safest places to live in Sioux Falls, SD?

The best and safest neighborhoods to live in Sioux Falls in May 2026 are Downtown, Beadle, All Saints, Whittier, Axtell Park, Pettigrew Heights, North End West, Augustana, Froehlich, North End East, Norton Acres, West Sioux

How much money should I make to buy a house in Sioux Falls, SD?

In May 2026, Sioux Falls homes were listed to buy for a median price of $349K, with 25% down you would need $2.07K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $71K.

Is it a good time to sell my house in Sioux Falls, SD?

Yes now is a good time to sell your house in Sioux Falls, in May 2026, homes in Sioux Falls have decreased in value (price per sqft) by 3% in the last year compared with May 2025.