Published October 4, 2026 in Market Update

One part of Sioux Falls is moving fast and holding its price

By Michelle Maloney

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

Freddie Mac put the average 30-year fixed rate at 7.28% as of October 1, 2026. That is not a small number. But one Sioux Falls ZIP code kept moving anyway.

The Real Estate Data Aggregator counted 114 homes sold in ZIP 57105 in the three months ending July 31, 2026. The median days on market there was 15. That is quick by any measure.

Two months of supply means buyers do not have a lot to choose from. Homes that are priced well do not sit long.

The Real Estate Data Aggregator found that 50.8% of homes in 57105 went under contract within two weeks. That share rose 4.3 points from the same period a year before. So buyers in this ZIP need to be ready to move.

Not every offer came in above list

The Real Estate Data Aggregator put the average sale-to-list ratio in 57105 at 98.2%. Sellers got close to their ask, but not every home sold above it. Only 21.9% of homes sold above list price, and that share was down 4.6 points from a year before. Good prep still counts.

How 57105 compares with nearby ZIPs

The Real Estate Data Aggregator tracked 14 ZIP codes across this Sioux Falls market. Speed and supply varied a lot. Here is how the bigger ZIPs stacked up on days to sell.

ZIP 57004 sat at the other end with 62 median days on market, 24 days longer than a year before. The Real Estate Data Aggregator also found that no homes there sold above list price in this period, down 25 points from a year before. Same market, very different story.

The wider picture

Across all 14 ZIP codes, the Real Estate Data Aggregator counted 720 homes sold and 839 new listings in the three months ending July 31, 2026. That means new supply is coming in a little faster than sales, which gives buyers slightly more breathing room overall.

The Federal Housing Finance Agency reported that U.S. home prices rose 2.6% from July 2025 to July 2026. Locally, some ZIPs beat that. The Real Estate Data Aggregator found 57105 median prices down 7.4%, while 57108 rose 8.5% and 57078 rose 13.5% over the same stretch.

The Bureau of Labor Statistics put the U.S. unemployment rate at 4.2% in September 2026. A steady job market tends to keep buyers in the picture, even when rates are high.

One street can read very differently from the ZIP code around it. If your home is in 57105, 57106 or anywhere else in this market, the overall numbers are a starting point, not the whole answer. Text me your address and I will send back how long a home like yours is taking to sell in your part of Sioux Falls right now, based on what the Real Estate Data Aggregator counted in the three months ending July 31, 2026.