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Fixer Upper Homes in Sioux Falls, SD

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Sioux Falls, SD Foreclosures

How much do homes sell for in Sioux Falls, SD?
The average home price is currently $403,280.
In Sioux Falls, SD, how many homes are available?
There are currently 225 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 $48,628,972.
What is currently the cheapest priced home in Sioux Falls, SD?
The cheapest home for sale in Sioux Falls is priced at $16,662.

Living in Sioux Falls, SD

Sioux Falls, SD, is the largest city in South Dakota, blending small-town charm with modern city living. With outdoor attractions like Falls Park and a burgeoning arts scene, it offers a high quality of life for residents. Educational opportunities and numerous amenities make Sioux Falls a desirable place to live.

Current Market Conditions in Sioux Falls, SD

The Sioux Falls real estate market continues to show positive growth, driven by a strong local economy and increasing population. Residential housing prices have steadily increased over the past year as demand has outpaced supply. This trend suggests a competitive market, where buyers may need to act quickly to secure a desired property.

In recent months, there has been a noticeable uptick in home sales, particularly in suburban neighborhoods. This increase is attributed to low mortgage rates and families moving to the region due to flexible remote work options. As a result, home values in these areas have appreciated significantly, indicating a sustained interest in new constructions and existing homes alike.

Home Value Estimator For Sioux Falls, SD

There are currently 61,253 real estate properties in Sioux Falls, SD, with a median automated valuation model (AVM) price of $323,905.00. 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 $403,280.00, with the most expensive house in Sioux Falls, SD, topping out at $48,628,972.00 and the cheapest home in Sioux Falls, SD, clocking in at $16,662.00. 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 Fixer Upper Homes

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