📍 Sioux Falls Market Snapshot – September 2025

The September housing data from the REALTOR® Association of the Sioux Empire (RASE) reveals a Sioux Falls market that remains fiercely competitive. While national home sales stayed flat month-over-month, locally, we’re seeing continued pressure from high demand and shrinking inventory.

📊 Local Market Highlights (YoY – September 2025):

• New Listings: 643 (⬇ 4.7%)

• Pending Sales: 652 (⬆ 68.9%)

• Inventory: 1,668 homes (⬇ 16.8%)

• Median Sales Price: $338,500 (⬆ 7.5% from $314,900)

• Days on Market: 89 (⬆ 12.7%)

• Months Supply of Inventory: 4.1 (⬇ 28.1%)

🏘️ Housing Supply Overview:

• 12-Month Pending Sales Growth: ⬆ 16.1%

• Largest Surge in Price Bracket: $2M+ (⬆ 114.3%)

• Overall Median Price (12-month rolling): $324,900 (⬆ 2.8%)

• Previously Owned Median: $315,000 (⬆ 2.5%)

• Fastest Selling Range: $200K–$250K (avg. 79 days)

• Slowest Selling Range: $2M+ (avg. 221 days)

• Inventory Decline (YoY): ⬇ 16.8%

• New Construction Inventory: ⬇ 13.3%

• Months Supply: 3.7 (SF homes), 5.6 (Condos)

🌎 National Comparison:

• Existing-Home Sales: 4.0M units (⬇ 0.2% MoM, ⬆ 1.8% YoY)

• National Median Price: $422,600 (⬆ 2%)

• National Inventory: 1.53M (⬇ 1.3% MoM, ⬆ 11.7% YoY)

• New-Home Sales: 800,000 units (⬆ 20.5% MoM, ⬆ 15.4% YoY)

🎯 What It Means for You

Sellers are in a strong position thanks to rising prices and tight inventory. Buyers, on the other hand, must act quickly and strategically. The data shows especially high activity in both entry-level and ultra-luxury markets—making now a perfect time to position your property or secure a home before further price appreciation.

📥 Download the full report or schedule a strategy session with our Century 21 Advantage team today.