Sioux Falls, SD metro area Housing Market Brief
metro · as of May 2026
What is Sioux Falls, SD metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Sioux Falls, SD metro area in its market cycle?
Sioux Falls, SD metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Sioux Falls, SD metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $355K | ▲ +5.8% |
| Median Days on Market | 34 days | ▼ -39.3% |
| Months of Supply | 2.2 | ▼ -8.3% |
| Homes for Sale | 903 | ▼ -12.8% |
| Homes Sold | 409 | ▼ -3.8% |
| Median Price / Sq Ft | $190 | ▲ +1.7% |
| Sale-to-List Ratio | 98.8% | 0% |
How has Sioux Falls, SD metro area’s Alpha Score moved?
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Frequently asked questions
Is Sioux Falls, SD metro area a buyer's or seller's market?
As of May 2026, Sioux Falls, SD metro area is classified as a Balanced Market, based on its Alpha Score of 47 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Sioux Falls, SD metro area?
The median sale price in Sioux Falls, SD metro area is $355K, having risen 5.8% over the past year.
How affordable is Sioux Falls, SD metro area?
Sioux Falls, SD metro area scores 36 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Sioux Falls, SD metro area's Alpha Score?
Sioux Falls, SD metro area's strongest dimension is Price Momentum (69/100) and its weakest is Rental Yield (19/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Sioux Falls, SD metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.