Home prices jump to start the year in Sioux Falls

Overall home sales activity slowed in January in Sioux Falls, but some large transactions pushed the average price up.

The average price of a home sold last month was more than $398,000 — up 21.2 percent compared with January 2025, according to the Realtor Association of the Sioux Empire Inc.

The median price was $331,650, an increase of 7.4 percent.

Overall closed sales totaled 122 houses and dropped 6.2 percent on a year-over-year basis…

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