Market Intelligence · SD / Sioux Falls

Sioux Falls, SD 57104 Housing Market

The typical home value in Sioux Falls 57104 is $221,127, down 0.5% over the past year. The median list price stands at $250,000, with homes taking a median of 36 days to sell as of September 2026.

Updated September 2026Median value$221K

The median home value in Sioux Falls, SD 57104 is $221K as of September 2026, down 0.5% 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 57104 range

$203K to $239K

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

-0.5% over 12 months

Sep 2025$222K

Low $221KHigh $224K

Sep 2026$221K

The numbers

What is the 57104 housing market like?

As of September 2026

Typical home value

$221K

0.5%YoY

Median list price

$250K

0.0%MoM

Days on market

16.3%MoM

Homes for sale

10.8%MoM

Price cuts

10.5%

43.5%MoM

New listings

35.7%MoM

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

The outlook

57104 housing market forecast 2027

+3.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 57104 to rise 3.2% by September 2027.

Over the 12 months through September 2026, typical home values in 57104 fell 0.5%, per the Zillow Home Value Index.

Will home prices drop in 57104?

Zillow's forecast does not call for a drop: it expects typical home values in 57104 to rise 3.2% by September 2027, after a 0.5% decline 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 57104 home prices compare?

57104$221,127
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 57104 ZIP code has 82 homes for sale, with 38 new listings added in September 2026. About 10.5% of active listings have seen a price cut, suggesting moderate negotiating room for buyers. The median days on market of 36 indicates properties are moving at a steady pace, though not with urgency. Value erosion has been minimal over the year, but sellers should be realistic about current buyer interest and prepared for a measured transaction.

Monthly payment

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Home price

Down payment20% · $44,225

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Common questions

What people ask us.

What is a typical home worth in 57104?

The typical home value is $221,127 as of September 2026, down 0.5% from the year prior.

How many homes are for sale in Sioux Falls 57104?

There are 82 homes currently for sale, with 38 new listings added in September 2026.

How long do homes take to sell in 57104?

The median days on market is 36 as of September 2026.

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