Market updates
How Many Houses Can You Actually Choose From in Vermillion Right Now?
Over the twelve weeks ending September 20, 2026, Vermillion, SD (ZIP 57069) had 10 homes for sale and 5 new listings came on the market.
Read the post →Sioux Falls Homeowners Think Their House Will Sit for Months. The Data Says 59 Days.
Across the territory, in the twelve weeks ending September 20, 2026, the median home went under contract in 59 days, sold for a median $332,000, and closed at 99.4% of asking.
One Zip Code Is Doing All the Work in This Market
For the week of August 31 through September 7, every new listing, every sale, every active listing and every price cut in this two-zip territory landed in the same zip code. The other one recorded nothing at all.
The days-on-market story just flipped
Homes priced above the territory's $270,000 median list price are now sitting longer than homes priced below it, reversing what we published last week.
Supply Just Crossed a Line This Territory Hasn't Seen in a Month
For the week of August 31 to September 7, months of supply across the territory climbed to 7.30 months, up from levels reported in each of the prior two weeks, while 57108 and 57105 pulled prices in opposite directions.
In 57078, new listings just outran price cuts for the first time in weeks
Eight new listings, four cuts, and ten sales say sellers are pulling back on discounts while buyers keep closing.
Price cuts are hitting fresh listings almost as often as stale ones
A balanced-to-soft market where sellers aren't waiting around to reprice, and one zip code is still carrying nearly the whole territory.
Price Cuts Are Landing Hardest in the Territory's Most Expensive Zip Code
In the week of August 24, sellers in the territory's priciest zip code cut prices at a rate no other zip code matched, even though three of the five zip codes didn't close enough sales this window to post a median sale price at all.
The Market Just Tipped Toward Sellers, But Not Everyone Got the Memo
This week, Sioux Falls closed more homes than it listed, even as sellers filed 46 price cuts over the trailing four weeks.
A Balanced Market With One Zip Code Doing All the Work
In the week of August 24, this four-zip territory reads as balanced overall, at 4.7 months of supply, but 12 of its 15 closings and 69 of its 75 active listings all sat inside a single zip.
One Zip Code Is Cutting Prices Fast. The Other Isn't Moving At All.
In the week of August 24, every new listing, every sale, and all eight price cuts in the 57031/57078 territory landed in zip 57078, with cuts landing both weeks into a listing and just days into one.
This Market Just Tipped Further Toward Buyers
In the week ending August 31, sellers cut price on eight listings while only four new ones came onto the market, and inventory now works out to roughly 12.6 months of supply.
57105, 57106 and 57108 Accounted for Most of the Territory's Week
Three zip codes did almost all of the work this week. Across the 14-zip territory, 107 homes came on the market, 159 sold, and 63 took a price cut. Of that total, 57105, 57106, and 57108 alone produced 84 of the new listings and 121 of the sales — and their price cuts, 10, 20, and 16 respectively, made up most of the territory's cut count too. Roughly three-quarters of everything that happened, in every category, came from three zips out of fourteen.
57078 sellers are asking well above what homes are actually closing for
The median home in 57078 is listed at $319,450. The median home that actually sold this window went for $292,450. Sellers are asking well above what buyers are actually paying.
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