Market Intelligence · SD / Sioux Falls

Sioux Falls, SD 57103 Housing Market

The typical home value in Sioux Falls, SD 57103 is $287,638, up 0.2% over the past year. The median list price stands at $312,500, with homes spending a median of 35 days on the market.

Updated September 2026Median value$288K

The median home value in Sioux Falls, SD 57103 is $288K as of September 2026, up 0.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 57103 range

$265K to $311K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.2% over 12 months

Sep 2025$287K

Low $287KHigh $289K

Sep 2026$288K

The numbers

What is the 57103 housing market like?

As of September 2026

Typical home value

$288K

0.2%YoY

Median list price

$313K

6.7%MoM

Days on market

5.4%MoM

Homes for sale

20.3%MoM

Price cuts

16.8%

19.2%MoM

New listings

23.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

57103 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 57103 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 57103 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 57103?

Zillow's forecast does not call for a drop: it expects typical home values in 57103 to rise 2.8% by September 2027, after a 0.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 57103 home prices compare?

57103$287,638
Sioux Falls$326,974
South Dakota$298,556
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Sioux Falls: 7 ZIPs; South Dakota: 145 ZIPs; United States: 26,262 ZIPs).

Context

The market shows measured activity with 95 homes for sale and 46 new listings in September 2026. At a median of 35 days on market, properties are moving at a steady pace. Price cuts are appearing on 16.8% of listings, which may indicate sellers testing higher prices before adjusting. The modest 0.2% year-over-year gain in typical home value suggests the market is stable rather than accelerating. If you're considering selling, now is a reasonable time, though patience and realistic pricing will matter more than urgency.

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Home price

Down payment20% · $57,528

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Common questions

What people ask us.

What is the typical home value in 57103?

The typical home value is $287,638 as of September 2026, having increased 0.2% over the past year.

How long do homes stay on the market?

Homes in this ZIP spend a median of 35 days on the market.

How many homes are currently for sale?

There are 95 homes for sale as of September 2026, with 46 new listings added recently.

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