Property prices for sale in Sioux Falls (South Dakota)

The prices in real estate in Sioux Falls, in the South Dakota region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Sioux Falls has increased strongly during the last 6 months. In July, the average price per sq.feet was $152. In the following month the price per sq.feet increased considerably to $1,589. The price for the following two months in (September, October) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 35 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $541.25 to $188 during November, and December.

Average price

Based upon to the price in Sioux Falls (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $315,418. During August the price went through a considerable rise reaching $2,964,083. During the following two months (September, October) the average price had a considerable reduction of 46 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,198,743.75 to $480,512.5, which means a 40 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $410,696 they are 69 % more affordable than the average price for Sioux Falls. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 3 bedrooms priced at $257,314.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $143 / sq.feet, with an average $213 / sq.feet price in Sioux Falls. The properties with the lowest average prices have 2 bedrooms. They are 16 % cheaper than the average followed by properties with 1 bedroom with a price at $155 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $410,696 it is 51 % cheaper than the average price in Sioux Falls. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Land". At a price of $254,147 it is 24 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $80 / sq.feet followed by "Land" priced at $103 / sq.feet. "Townhouse" is the most costly type of property with a $818 / sq.feet cost followed by "Apartment" with an average price of $192 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Sioux Falls
Number of properties used in region South Dakota
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value