Start Free
All market snapshots / 57108

Sioux Falls, SD 57108 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: 0.14
ActiveActive listings: 9393PendingPending sales: 1313
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): $332k$332kSoldMedian sold price (last 6 months): $413k$413k
What homes actually sell for in Sioux Falls, SD
Distribution of 361 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $316k to $555k
$232k to $332k: 98 sales98sales$232k$332k to $431k: 89 sales$431k to $530k: 53 sales$431k$530k to $629k: 32 sales$629k to $728k: 28 sales$629k$728k to $827k: 10 sales$827k to $926k: 10 sales$827k$926k to $1.02M: 5 salesMedian $413k

What the numbers say

As of September 14, 2026, Resideline is tracking 93 active listings and 13 pending sales in ZIP code 57108. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $332,500, while the median of the 361 closed sales Resideline tracked over the last six months was $413,000. 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 57108 for 55 days.

Frequently asked questions

What is the median home price in 57108?

The median closed sale price in Sioux Falls, SD 57108 was $413,000 over the last six months, based on 361 closed sales tracked by Resideline. The middle half of those sales ranged from $316,000 to $555,000.

Is 57108 a buyer's or seller's market?

Resideline is currently tracking 13 pending sales against 93 active listings in 57108, a pending-to-active ratio of 0.14. 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, 57108 currently looks like a balanced market.

Nearby ZIP code market data

Full Sioux Falls, SD housing market report →
Run any 57108 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.