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Foreclosures in Sioux Falls, SD 57107

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Sioux Falls, SD Foreclosures

How much do homes sell for in Sioux Falls, SD?
The average home price is currently $398,881.
In Sioux Falls, SD, how many homes are available?
There are currently 19 active home listings available in Sioux Falls.
What’s the average rental cost in Sioux Falls, SD?
The average rental price in Sioux Falls is $1,373.
What is the most expensive home in Sioux Falls?
The most expensive home sold in Sioux Falls had a price of $47,966,916.
What is currently the cheapest priced home in Sioux Falls, SD?
The cheapest home for sale in Sioux Falls is priced at $16,196.

Living in Sioux Falls, SD

Sioux Falls, SD is a vibrant city known for its beautiful parks, rich cultural scene, and thriving economy. It offers a family-friendly atmosphere with excellent schools and a variety of recreational activities. The city’s downtown is lively, featuring restaurants, arts, and community events, making it an ideal place to live and work.

Current Market Conditions in Sioux Falls, SD

The real estate market in Sioux Falls is currently experiencing a surge in demand, with home prices steadily increasing as more people relocate to the city for its quality of life and job opportunities. The average home price has risen substantially compared to last year, while the inventory of available homes remains low, creating a competitive market for buyers.

Sioux Falls has seen a trend toward new construction homes, attracting buyers looking for modern amenities. Additionally, there is an increasing interest in suburban living as families seek more space and access to outdoor activities, further fueling the local real estate market.

Home Value Estimator For Sioux Falls, SD

There are currently 61,278 real estate properties in Sioux Falls, SD, with a median automated valuation model (AVM) price of $319,452.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sioux Falls, SD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sioux Falls, SD, is $398,881.00, with the most expensive house in Sioux Falls, SD, topping out at $47,966,916.00 and the cheapest home in Sioux Falls, SD, clocking in at $16,196.00. In other words, there’s something for every potential homebuyer or savvy investor in Sioux Falls, SD!

Rent Prices In Sioux Falls, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sioux Falls, SD, is on a rollercoaster ride. The average rent price in Sioux Falls, SD, is $1,373.00. Indeed, when looking to rent in Sioux Falls, SD, you can expect to pay as little as $550.00 or as much as $3,220.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Sioux Falls, SD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Sioux Falls, SD 57107 Foreclosures

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