Sioux Falls, SD Housing Market

Sioux Falls, SD's median home value is $343K, up 4.4% over the past year. Homes here sell in a median 51 days. Its PropertyIQ Score of 63 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

The Sioux Falls, SD metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.

Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Sioux Falls, SD's PropertyIQ Score of 63 ranks among the Midwest's stronger demand signals.

For the Sioux Falls, SD market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.

Explore the interactive map to see how Sioux Falls, SD compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.