Sioux Falls, SD – November 2025

The Sioux Falls housing market showed another dynamic month of shifting momentum in October 2025. While new listings declined and overall inventory tightened further, pending sales surged to their highest levels in over a year — signaling strong buyer demand even as prices cooled slightly.

📊 Key Local Market Indicators (Year-Over-Year)

• New Listings: 636 (↓ 17.7%)

• Pending Sales: 723 (↑ 102.5%)

• Inventory: 1,657 homes (↓ 21.3%)

• Median Sales Price: $319,800 (↓ 4.5% from $335,000)

• Days on Market: 86 (↑ 2.4%)

• Months Supply of Inventory: 4.1 (↓ 31.7%)

Despite fewer listings, buyer activity surged. Pending sales more than doubled compared to last year, showing confidence driven by lower mortgage rates, which recently hit their lowest levels in over a year.

🏘️ Housing Supply Overview

• 12-Month Pending Sales: ↑ 16.1% overall

• Strongest Price Segment: $1.5M and above (↑ 50.0%)

• Overall Median (12-month period): $323,000 (↑ 0.9%)

• Previously Owned Median: $315,000 (↑ 1.6%)

• Fastest-Selling Range: $200K–$250K (80 days)

• Slowest-Selling Range: $2M+ (224 days)

• Inventory Decline (YoY): ↓ 21.3%

• New Construction Inventory: ↓ 13.8%

• Supply Levels: 3.7 months (Single-Family), 5.9 months (Condos)

🌎 National Snapshot

Nationally, existing-home sales rose 1.5% MoM and 4.1% YoY to 4.06 million units. The U.S. median home price increased 2.1% YoY to $415,200, while total inventory climbed to 1.55 million units, representing a 4.6-month supply.

💡 Market Insight

Sioux Falls continues to outperform many regions, showing remarkable demand despite fewer homes available. Buyers are returning to the market with renewed confidence, while sellers can still expect strong showings and solid offers if priced right.

📥 Download the full report or schedule a personalized strategy session with Century 21 Advantage today to plan your next move in this fast-changing market.