The Sioux Falls housing market continues to evolve, offering opportunities for both buyers and sellers. As of March 2026, the median sale price of homes in Sioux Falls was $310,000, reflecting a slight decrease of 0.96% compared to the previous year. Homes are selling faster, with an average of 66 days on the market, down from 72 days last year. In March, 212 homes were sold, a slight decrease from 224 in the same month last year.
New developments are contributing to the city’s growth. The PowderHaus community, located off Veterans Parkway and East 33rd Street, is set to offer 425 units, including studios, apartments, and townhomes. Amenities will feature a 24/7 clubhouse, golf simulators, dog parks, outdoor pools, and more.
Another notable development is Harvest Creek in southeast Sioux Falls. Built by Empire Homes, this community offers a variety of housing options, including single-family homes, twin homes, and townhomes. Townhomes come with an HOA fee covering lawn care, snow removal, and garbage service.
For those interested in custom homes, Allen Homes is developing Lone Tree in Harrisburg, near 272nd and Western Ave. This community will feature executive single-family and slab-on-grade homes around scenic pond environments, with homes starting in summer 2026.
These developments, along with the city’s steady population growth and low unemployment rate of 2.8%, contribute to a stable and promising housing market in Sioux Falls.