Published October 11, 2026 in Market Update

More homes hit the Sioux Falls market, and buyers have more room

By Michelle Maloney | Maloney Real Estate

Real estate, Buy Box (Pulled from Zillow) - Sioux Falls

Here is the number that changes things most right now. The Real Estate Data Aggregator counted 795 new listings across this Sioux Falls market in the three months ending August 31, 2026. Only 665 homes sold in that same period. More supply than sales means buyers can compare, think and ask questions. For sellers, that means your price and your prep do the heavy lifting.

Freddie Mac put the average 30-year fixed mortgage rate at 7.40% as of October 8, 2026. That rate shapes what buyers can afford. It also shapes how many buyers are in the pool competing for your home.

Rates have climbed 1.5 percentage points already this year, according to Redfin. That is real money added to a monthly payment. Buyers feel it, and it shows up in how carefully they weigh each home.

What the ZIP codes are telling us

The market is not one story. It is several, told street by street. Here is a look at the bigger ZIP codes in this market.

57105: Fast and busy

The Real Estate Data Aggregator counted 124 homes sold in ZIP 57105 in the three months ending August 31, 2026. That is up 21.6% from the same months of 2025. The median days on market was just 15 days. That is 6 days shorter than a year ago. Homes here move. But the median sale price dipped 11.5% year over year to $265,500. More sales, lower prices. Both things are true at once.

The Real Estate Data Aggregator also shows that 42% of homes in 57105 went under contract within two weeks of listing. That is a strong pace. New listings rose 30.8% year over year to 140. More homes came in, and buyers kept up.

57106: The biggest seller

ZIP 57106 had the most homes sold of any ZIP in this market. The Real Estate Data Aggregator counted 205 sales in the three months ending August 31, 2026. The median sale price was $330,000, down 2.9% from a year ago. Not a big drop, but worth knowing if you are pricing. The sale-to-list ratio held at 99%, which tells you sellers are getting close to what they ask.

The Real Estate Data Aggregator shows 36.7% of homes in 57106 went under contract within two weeks. That is up 2.2 points from a year ago. Speed here actually improved a little, even as the market overall added supply.

57108: Higher prices, a bit more patience

The Real Estate Data Aggregator put the median sale price in ZIP 57108 at $414,900 for the three months ending August 31, 2026. That is up 9.2% from the same months of 2025. Homes here are selling for more. But the Real Estate Data Aggregator also counted 182 homes for sale, up 8.3% year over year. More competition on the seller side. Median days on market was 29 days, which is actually 10 days shorter than a year ago.

57078: Moving faster, prices up

The Real Estate Data Aggregator counted 83 homes sold in ZIP 57078 in the three months ending August 31, 2026. That is up 23.9% from a year ago. The median sale price rose 10.5% to $295,000. Homes for sale actually fell 26.3% year over year to 70. Less inventory, more sales. The median days on market dropped to 20 days, 9 days shorter than a year ago.

57049: Prices dipped, sales slowed

ZIP 57049 tells a quieter story. The Real Estate Data Aggregator counted 31 homes sold in the three months ending August 31, 2026. That is down 29.5% from the same months of 2025. The median sale price slipped 0.7% to $450,000. Not a big move, but the direction is worth noting. Months of supply rose 1.2 months to 4.1 months. More time, more choices for buyers here.

57069: More supply, homes taking longer

The Real Estate Data Aggregator counted 39 homes sold in ZIP 57069 in the three months ending August 31, 2026. That is up 50% from a year ago. But homes for sale jumped 120.7% to 64. Median days on market rose to 51 days, 17 days longer than a year ago. More homes came in than buyers absorbed. The sale-to-list ratio slipped to 95.8%, down 1 point.

The national picture adds context

The Federal Housing Finance Agency reported that U.S. house prices rose 2.6% from July 2025 to July 2026. That is a modest gain nationally. The Bureau of Labor Statistics put the U.S. unemployment rate at 4.2% for September 2026, with nonfarm payrolls adding only 29,000 jobs. A slower jobs market can shape buyer confidence. These are national numbers, not Sioux Falls numbers, but they set the mood buyers bring to the table.

What this means for you

More listings mean buyers have options. That is honest. It does not mean homes stop selling. The Real Estate Data Aggregator counted 665 sales in this market in just three months. Homes priced well and prepared well are still moving. The ZIP codes with tight supply and short days on market prove that.

One thing to keep in mind: the whole market number tells part of the story. One street can read very differently from the ZIP code around it. A home two blocks over can sit at a different price point, a different buyer pool and a different pace. The numbers above are a starting point, not the final word on your home.