Sioux Falls, SD metro area Housing Market Brief
metro · SD · score computed October 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.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Sioux Falls, SD metro area in its market cycle?
Sioux Falls, SD metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Sioux Falls, SD metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Sioux Falls, SD metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $345K | 0% | Redfin |
| Median Days on Market | 33 days | ▼ -10.8% | Redfin |
| Months of Supply | 3.7 | ▼ -15.9% | Redfin |
| Homes for Sale | 1,229 | ▼ -0.6% | Redfin |
| Homes Sold | 333 | ▲ +18.5% | Redfin |
| Median Price / Sq Ft | $190 | ▲ +0.9% | Redfin |
How has Sioux Falls, SD metro area’s Alpha Score moved?
Markets like Sioux Falls, SD metro area
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- Laconia, NH metro area, NHmetro55
- Tullahoma, TN metro area, TNmetro54
- Pocatello, ID metro area, IDmetro48
- Huntsville, AL metro area, ALmetro50
- Daphne, AL metro area, ALmetro53
- Rapid City, SD metro area, SDmetro45
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Frequently asked questions
Is Sioux Falls, SD metro area a buyer's or seller's market?
In the scores computed October 2026, Sioux Falls, SD metro area is classified as a Balanced Market, based on its Alpha Score of 52 out of 100. The classification reflects current price, building, 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 $345K, having held roughly steady over the past year, according to Redfin.
How affordable is Sioux Falls, SD metro area?
Sioux Falls, SD metro area scores 37 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 Inventory Health (91/100) and its weakest is Rental Yield (17/100). 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.