Published October 18, 2026 in Market Update

One part of Sioux Falls is still moving fast with less inventory

By Michelle Maloney | Maloney Real Estate

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

Here is the number that matters most right now. In ZIP 57078, the Real Estate Data Aggregator counted 41.3% of homes going under contract within two weeks of listing, for the three months ending August 31, 2026. That is fast. It means priced-right homes there are not sitting long.

The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. ZIP 57078 ran well ahead of that. The Real Estate Data Aggregator put the median sale price there at $295,000, up 10.5% from the same three months a year before.

ZIP 57078: the tight spot

Supply shrank there. The Real Estate Data Aggregator counted just 2.6 months of supply in ZIP 57078, down 1.7 months from a year before. Fewer homes available, more going fast. That combination can support strong seller interest.

Not every ZIP reads the same way

ZIP 57105 also moved quickly. The Real Estate Data Aggregator put its median days on market at 15 days, with 42% of homes under contract within two weeks. But the median sale price there dipped 11.5% from a year before, to $265,500. More sales, lower prices. That is a different story than 57078.

ZIP 57106 had the most homes sold in this market: 205, per the Real Estate Data Aggregator. But the median sale price slipped 2.9% to $330,000. Supply rose slightly, to 2.6 months. Steady, but not surging.

ZIP 57108 saw prices climb 9.2% to $414,900, per the Real Estate Data Aggregator. Days on market fell 10 days shorter than a year before, to 29 days. Supply grew a little, to 3.6 months. Prices up, but more homes to choose from.

Rates are a real factor right now

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 15, 2026. The 15-year averaged 6.71%. Those numbers shape what buyers can afford. They also shape how many buyers are in the pool for your home.

For context, the Federal Housing Finance Agency reported U.S. house prices rose just 2.6% year over year through July 2026. Parts of this Sioux Falls market outpaced that by a wide margin. That gap is worth knowing.

The whole market, in one snapshot

Across all 14 ZIP codes in this market, the Real Estate Data Aggregator counted 665 homes sold and 795 new listings in the three months ending August 31, 2026. There were 591 pending sales. That is a market still moving, with more supply coming in than is selling.

One street can read differently from the whole ZIP

These numbers cover whole ZIP codes. Your street, your price range and your home's condition can land you in a very different spot than the ZIP average suggests. A home on one block may sit while another nearby moves in days.