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Sioux Falls, SD 57104 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Sioux Falls, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.21
ActiveActive listings: 3939PendingPending sales: 88
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): $240k$240kSoldMedian sold price (last 6 months): $220k$220k
What homes actually sell for in Sioux Falls, SD
Distribution of 181 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $170k to $262k
$110k to $146k: 19 sales$110k$146k to $181k: 26 sales$181k to $217k: 32 sales$181k$217k to $252k: 39 sales39sales$252k to $288k: 29 sales$252k$288k to $324k: 7 sales$324k to $359k: 6 sales$324k$359k to $395k: 4 salesMedian $220k

What the numbers say

As of September 14, 2026, Resideline is tracking 39 active listings and 8 pending sales in ZIP code 57104. That pending-to-active ratio of 0.21 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $239,900, while the median of the 181 closed sales Resideline tracked over the last six months was $220,000. 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 57104 for 61 days.

Frequently asked questions

What is the median home price in 57104?

The median closed sale price in Sioux Falls, SD 57104 was $220,000 over the last six months, based on 181 closed sales tracked by Resideline. The middle half of those sales ranged from $170,000 to $262,500.

Is 57104 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 39 active listings in 57104, a pending-to-active ratio of 0.21. 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, 57104 currently looks like a balanced market.

Nearby ZIP code market data

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