What’s Happening in the Sioux Falls Market Right Now?

Curious about how the local housing market is shaping up in early 2026?

Whether you’re thinking about buying, selling, or just watching from the sidelines, it helps to know what’s really going on in your market. And I’m not talking about national headlines or TikTok predictions. I’m talking about what’s actually happening here in Sioux Falls and Harrisburg.

Let’s break it down in simple, real-world terms so you can make smart decisions.

Inventory is still tight, but improving

We’re seeing more homes hit the market compared to last year. That’s good news for buyers, especially those who felt shut out in 2024 and 2025. But we’re not in an oversupply situation. The most desirable homes still sell quickly when priced and presented well.

Sellers should still expect strong activity if their home is clean, updated, and priced strategically.

Prices are steady with moderate growth

Home values in Sioux Falls continue to rise slowly and steadily. We’re not seeing the big jumps of the pandemic years, but we’re also not seeing prices drop. That kind of stability makes this a solid time to buy, especially if you plan to hold your property long term.

Interest rates are stable but still higher than past averages

Rates aren’t swinging wildly anymore, which helps create more confidence in the market. Buyers are adapting and getting creative with financing. Sellers are more open to concessions or rate buydown options. It’s all about negotiation and knowing how to structure a smart deal.

Buyer confidence is growing

Buyers are still cautious, but they’re no longer frozen by uncertainty. More people are getting pre-approved, scheduling showings, and writing strong offers. If you’re a seller, that means real demand is out there. If you’re a buyer, it means you should be ready to move when the right home pops up.

Final takeaway

The Sioux Falls and Harrisburg real estate markets are healthy, balanced, and full of opportunity for those who are prepared. Whether you’re buying, selling, investing, or just keeping tabs, local expertise makes all the difference.

Let’s talk about your goals and make a game plan for 2026 that actually works.