More Sioux Falls listings are giving buyers a little more room
The one fact that changes what sellers should do right now: the Real Estate Data Aggregator counted 440 homes for sale across Sioux Falls in the three months ending August 31, 2026, up 9.7% from a year before. More choices for buyers means your home has to earn its spot.
Freddie Mac put the average 30-year rate at 7.24% as of October 29, 2026. That is the highest it has been since early 2025, according to Realtor.com. Higher rates shrink what buyers can afford. That puts even more pressure on price.
Nationally, Realtor.com reported that 20.8% of listings took a price cut in September 2026. That is the highest share since October 2022. Sioux Falls is not immune to that pull.
How each ZIP code looked in the three months ending August 31, 2026
The three ZIP codes tell three different stories. Here is what the Real Estate Data Aggregator counted for each one.
| 57105 | 57106 | 57108 | |
|---|---|---|---|
| Median sale price | $265,500 | $330,000 | $414,900 |
| Price change vs. 2025 | down 11.5% | down 2.9% | up 9.2% |
| Homes sold | 124 | 205 | 153 |
| Median days on market | 15 | 28 | 29 |
| Sale-to-list price | 97.9% | 99% | 99% |
57105: Prices dipped, but homes moved fast
The Real Estate Data Aggregator put the median sale price in 57105 at $265,500, down 11.5% from a year before. That is the biggest price dip of the three ZIP codes. The honest read: buyers got a deal here.
Still, 124 homes sold, up 21.6% from the same months of 2025. The median days on market was just 15 days, six days shorter than last year. Homes priced right moved quickly.
New listings in 57105 jumped 30.8%, to 140, per the Real Estate Data Aggregator. More supply coming in while prices fell tells you sellers had to compete. The share of homes sold above list price dropped 8 points, to 23.4%.
57106: Steady, with just a small price dip
The Real Estate Data Aggregator counted 205 homes sold in 57106, the most of any ZIP code here. The median sale price was $330,000, down just 2.9% from a year before. That is a much smaller dip than 57105.
Homes averaged 28 days on market, unchanged from last year. The sale-to-list ratio held at 99%, down only 0.1 points. Sellers here gave up very little ground.
One bright spot: the share of 57106 homes going under contract within two weeks rose 2.2 points, to 36.7%, per the Real Estate Data Aggregator. Quick decisions are still happening here.
57108: Prices climbed, but buyers took longer to decide
The Real Estate Data Aggregator put the median sale price in 57108 at $414,900, up 9.2% from a year before. That is the only ZIP code where prices rose. More supply came with it: 182 homes for sale, up 8.3%.
Homes still sold at 99% of list price on average. But days on market sat at 29, even though that is 10 days shorter than last year. The Real Estate Data Aggregator counted 3.6 months of supply, up 0.6 months from 2025.
The wider picture: more listings, steady sales
Across all three ZIP codes, the Real Estate Data Aggregator counted 575 new listings in the three months ending August 31, 2026. That is up 13.2% from the same months of 2025. Total homes sold, at 482, was unchanged from last year.
Pending sales across Sioux Falls totaled 417, up just 0.2% from a year before, per the Real Estate Data Aggregator. Demand is holding, but it is not racing ahead of supply.
The Federal Housing Finance Agency reported that U.S. house prices rose 2.4% from August 2025 to August 2026. Sioux Falls results were mixed: 57108 beat that figure, while 57105 and 57106 both fell below it.
- Buyers have more to choose from.
- Sellers in 57105 felt that the most, with prices down 11.5%.
- Sellers in 57108 held value but waited longer.
- In 57106, the middle of the market, things stayed close to level.
- Freddie Mac's 7.24% rate as of October 29, 2026 is a real headwind for everyone.
One last honest note: the numbers above cover whole ZIP codes. One street can read very differently from the ZIP around it. A block with newer builds, a school nearby, or a busy road can shift days on market and price by more than the averages suggest.
Your next step
(605) 677-9006Text me your address and I will send back where your Sioux Falls home sits against what actually sold in your ZIP code this period. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 57105, 57106 and 57108, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Freddie Mac: Mortgage Rates, read Nov 1, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in August; Up 2.4 Percent from Last Year | FHFA, Oct 27, 2026
- Redfin: U.S. Home-Sale Prices Just Fell for the First Time in 3 Years, Oct 29, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026