Market Snapshot
- Median listing price
- $435K
- Median rent
- $1,425/mo
- Days on market
- 55 days
- Gross rental yield
- 3.93%
- STR vs LTR
- $1,431/mo STR · $1,425/mo LTR
The median listing price in Sioux Falls, SD ZIP 57108 is $434,900 as of June 2026.
The median market rent in Sioux Falls, SD ZIP 57108 is $1,425/month as of June 2026.
The median days on market in Sioux Falls, SD ZIP 57108 is 55 days as of June 2026. The market is currently neutral.
At a median list price of $434,900 and a median rent of $1,425/month, the gross rental yield in Sioux Falls, SD ZIP 57108 is 3.93% as of June 2026.
In Sioux Falls, SD ZIP 57108, median Airbnb revenue is $1,431/month compared to median long-term rent of $1,425/month as of June 2026.
Sioux Falls, SD 57108 Real Estate Market Report
ZIP Code: 57108
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- median sold price is not provided in the available metrics, so an exact recent-transaction benchmark cannot be stated; given that limitation, analysts should treat reported listing and market rent figures as context while prioritizing confirmed sale data when it becomes available. data gap
- median listing price is 434,900, which alongside a reported median days on market of 55 suggests pricing is supporting measured buyer consideration rather than rapid turnover; this combination may indicate moderate pricing friction and a more balanced negotiation environment.
- median price per square foot is 198 while median market rent is 1,425, and with rent year-over-year trend up this points to strengthening rental tailwinds that may support investor interest, though acquisition decisions should await confirmed sold-price evidence.
- Market-level signals show price year-over-year trend is up, market temperature is neutral, and interest rate pressure is moderate; combined with elevated inventory relative to sales in the analyzed sample, this suggests a shift toward a more balanced buyer-seller dynamic rather than a rapid sellers' market, and stakeholders should price proactively and monitor executed sale data for confirmation.
Notable Properties
The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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