Sioux Falls, SD – September 5th, 2025
The August 2025 real estate numbers are in, and the Sioux Falls market continues to show signs of high demand and limited supply. While national trends show a more balanced market, Sioux Falls is experiencing a tighter squeeze on inventory—but sellers are seeing solid price growth and quick sales.
📊 Key Local Market Highlights (August 2025 – Year-over-Year):
New Listings: 675 (↓ 9.3%)
Pending Sales: 738 (↑ 67.3%)
Inventory: 1,638 homes (↓ 17.8%)
Median Sales Price: $344,900 (↑ 7.8% from $320,000)
Days on Market: 90 days (↑ 9.8%)
Months Supply of Inventory: 4.0 (↓ 29.8%)
🏗️ Housing Supply Breakdown:
Market-wide Inventory: ↓ 17.8%
New Construction Inventory: ↓ 11.6%
Months Supply: 3.7 months for single-family homes, 5.3 months for condos/townhomes
🏠 Housing Demand & Pricing by Segment:
Pending Sales (12-month rolling): ↑ 17.4%
Largest Sales Surge: $450K–$500K price range (↑ 53.2%)
Overall Median Price (12-month period): $322,500 (↑ 2.4%)
Previously Owned Homes: Median price $315,000 (↑ 3.3%)
Fastest Selling Price Range: $150K–$200K (avg. 77 days on market)
Slowest Selling Price Range: $800K–$900K (avg. 126 days on market)
🇺🇸 National Market Context:
Existing Home Sales: 4.01M units (↑ 2.0% MoM, ↑ 0.8% YoY)
Median Price (U.S.): $422,400 (↑ 0.2% YoY)
National Inventory: 1.55M units (↑ 0.6% MoM, ↑ 15.7% YoY)
Months Supply (U.S.): 4.6 months
🎯 What It Means for You:
Buyer demand is hot—pending sales surged nearly 70% year-over-year in August—yet inventory is shrinking. That’s keeping home prices rising, especially in the $450K–$500K range, and driving competitive offers across many price points.
If you're thinking about buying before prices push higher—or selling while buyer competition is strong—now is the time to act.
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