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Sioux Falls, SD 57108 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Sioux Falls, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 109109PendingPending sales: 44
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): $369k$369kSoldMedian sold price (last 6 months): $420k$420k
What homes actually sell for in Sioux Falls, SD
Distribution of 375 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $318k to $560k
$257k to $372k: 130 sales130sales$257k$372k to $486k: 92 sales$486k to $601k: 50 sales$486k$601k to $716k: 29 sales$716k to $831k: 15 sales$716k$831k to $945k: 13 sales$945k to $1.06M: 8 sales$945k$1.06M to $1.17M: 1 salesMedian $420k

What the numbers say

As of October 26, 2026, Resideline is tracking 109 active listings and 4 pending sales in ZIP code 57108. That pending-to-active ratio of 0.04 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $368,750, while the median of the 375 closed sales Resideline tracked over the last six months was $419,900. 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 57108 for 80 days.

Frequently asked questions

What is the median home price in 57108?

The median closed sale price in Sioux Falls, SD 57108 was $419,900 over the last six months, based on 375 closed sales tracked by Resideline. The middle half of those sales ranged from $318,150 to $560,000.

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

Resideline is currently tracking 4 pending sales against 109 active listings in 57108, a pending-to-active ratio of 0.04. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 57108 is currently a slower-moving market.

Nearby ZIP code market data

Full Sioux Falls, SD housing market report →

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