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Sioux Falls, SD 57108 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: 0.10
ActiveActive listings: 117117PendingPending sales: 1212
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): $365k$365kSoldMedian sold price (last 6 months): $418k$418k
What homes actually sell for in Sioux Falls, SD
Distribution of 379 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $318k to $560k
$250k to $369k: 134 sales134sales$250k$369k to $489k: 94 sales$489k to $608k: 48 sales$489k$608k to $728k: 32 sales$728k to $847k: 13 sales$728k$847k to $966k: 13 sales$966k to $1.09M: 6 sales$966k$1.09M to $1.2M: 3 salesMedian $418k

What the numbers say

As of October 5, 2026, Resideline is tracking 117 active listings and 12 pending sales in ZIP code 57108. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $365,000, while the median of the 379 closed sales Resideline tracked over the last six months was $418,000. 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 60 days.

Frequently asked questions

What is the median home price in 57108?

The median closed sale price in Sioux Falls, SD 57108 was $418,000 over the last six months, based on 379 closed sales tracked by Resideline. The middle half of those sales ranged from $318,150 to $559,900.

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

Resideline is currently tracking 12 pending sales against 117 active listings in 57108, a pending-to-active ratio of 0.10. 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 →

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