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Sioux Falls, SD 57103 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Sioux Falls, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 4646PendingPending sales: 33
Sioux Falls, SD: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $322k$322kSoldMedian sold price (last 6 months): $293k$293k
What homes actually sell for in Sioux Falls, SD
Distribution of 282 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $228k to $422k
$135k to $201k: 29 sales$135k$201k to $267k: 69 sales69sales$267k to $333k: 56 sales$267k$333k to $399k: 41 sales$399k to $465k: 26 sales$399k$465k to $531k: 21 sales$531k to $597k: 6 sales$531k$597k to $662k: 5 salesMedian $293k

What the numbers say

As of October 5, 2026, Resideline is tracking 46 active listings and 3 pending sales in ZIP code 57103. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $322,400, while the median of the 282 closed sales Resideline tracked over the last six months was $292,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 57103 for 62 days.

Frequently asked questions

What is the median home price in 57103?

The median closed sale price in Sioux Falls, SD 57103 was $292,900 over the last six months, based on 282 closed sales tracked by Resideline. The middle half of those sales ranged from $228,000 to $421,500.

Is 57103 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 46 active listings in 57103, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 57103 currently looks like a balanced market.

Nearby ZIP code market data

Full Sioux Falls, SD housing market report →

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