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.

Look at them one at a time and the pattern holds. 57105 posted 25 new listings, 35 sales, and 10 cuts. 57106 posted 29 new listings, 44 sales, and 20 cuts — the most active zip in the territory this week on both new supply and sold volume. 57108 posted 30 new listings, 42 sales, and 16 cuts. New supply, closings, and price reductions all point at the same three Sioux Falls zips at the same time. That's not one strong stat lifting an average — it's three separate measures agreeing.

The rest of the territory was quiet by comparison. 57037 recorded zero new listings, zero active listings, zero sales, and zero cuts for the week — nothing moved there at all. 57001, 57010, 57031, 57038, and 57073 each saw one listing or zero across new supply, sales, and cuts. If you're watching one of those rural zips for a specific reason, this week gave you almost nothing to read.

Price cuts also deserve a second look, separate from the volume story. The three largest reductions in the territory this week are all on homes listed at $799,000 or more: 425 Bay Hill Cir in 57049 came down $51,000 to $799,000 after 642 days on market; 6004 S Prairie View Cir in 57108 dropped $50,400 to $1,349,500 after 100 days; and 7508 S Grand Arbor Ct, also 57108, cut $50,000 to $1,249,900 after 110 days. Three listings, all at the upper end of the territory, all sitting well past a typical marketing window before the price moved. That's three data points, not a territory-wide trend — the other 60 cuts this week are spread across more price points — but it's worth knowing if you're pricing or shopping in that upper bracket.

For context, the territory's median list price this week was $345,800, median sale price $335,000, median days on market 44.5, and median price per square foot $186.05. Those are territory-wide figures across all 14 zips, not specific to any one of them.

What this means depends on where you sit. If you're selling in 57105, 57106, or 57108, you're competing against more new inventory than anywhere else in the territory, and a meaningful share of your zip's active listings already took a cut this week — plan your number with that competition in mind rather than against the territory median. If you're selling in one of the quieter zips, there's less new competition to worry about, but also less recent sale activity to gauge where the market actually sits — you're pricing with a thinner comparison set. And if you're shopping at the upper end anywhere in the territory, the three biggest cuts this week all sat on the market for three months or more before the price moved, which is worth knowing before you assume a first list price is where a seller will land.