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. Talon Development’s PowderHaus project, located off Veterans Parkway and East 33rd Street, is set to offer 425 units, including studios, three-bedroom apartments, and townhomes. Amenities will feature a 24/7 clubhouse, golf simulators, dog parks, outdoor pools, and more.
Empire Homes’ Harvest Creek community in southeast Sioux Falls provides a variety of housing options, including single-family homes, twin homes, and townhomes. Townhomes come with a monthly HOA fee covering lawn care, snow removal, and garbage service.
Allen Homes is developing the Lone Tree community in Harrisburg, near 272nd Street and Western Avenue. This residential area will feature executive single-family and slab-on-grade homes around scenic ponds, with homes expected to be available starting summer 2026.
These developments, along with a stable market, present promising opportunities for those looking to buy or invest in Sioux Falls. Staying informed about market trends and new projects can help individuals make well-informed decisions in this dynamic environment.