Sioux Falls, SD metro area Housing Market Brief
metro · SD · as of August 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 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?
Our model forecasts Sioux Falls, SD metro area’s home prices to rise about 2.8% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Sioux Falls, SD metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $349K | ▲ +2.6% |
| Median Days on Market | 46 days | ▲ +7% |
| Months of Supply | 3.0 | ▼ -3.2% |
| Homes for Sale | 1,086 | ▼ -9.3% |
| Homes Sold | 375 | ▼ -5.1% |
| Median Price / Sq Ft | $192 | ▲ +3% |
How has Sioux Falls, SD metro area’s Alpha Score moved?
Markets like Sioux Falls, SD metro area
- Auburn, NY metro area, NYmetro56
- Springfield, MO metro area, MOmetro57
- Kansas City, MO metro area, MOmetro53
- Anchorage, AK metro area, AKmetro51
- Longview, TX metro area, TXmetro48
- Cape Girardeau, MO metro area, MOmetro60
- Sioux City, IA metro area, IAmetro58
- Warsaw, IN metro area, INmetro55
- Omaha, NE metro area, NEmetro58
- Jackson, TN metro area, TNmetro49
Frequently asked questions
Is Sioux Falls, SD metro area a buyer's or seller's market?
As of August 2026, Sioux Falls, SD metro area is classified as a Balanced Market, based on its Alpha Score of 53 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 $349K, having risen 2.6% over the past year.
How affordable is Sioux Falls, SD metro area?
Sioux Falls, SD metro area scores 55 out of 100 on affordability — moderately affordable 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 Economic Strength (64/100) and its weakest is Rental Yield (41/100). 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.