Spring is when the Sioux Falls market usually wakes up, and this year the numbers show it. The REALTOR® Association of the Sioux Empire (RASE) released its April 2026 report in early May. Here is my plain-English read of what it says and what it means for you.
All figures below are for the Sioux Falls region as reported by RASE for April 2026, compared with April 2025.
The Headline Numbers
Median sales price: $344,550, up 8.8% from $316,800 in April 2025
New listings: 664, down 21.6% vs. April 2025
Inventory (homes for sale): 1,372, down 34.2% vs. April 2025
Months supply of inventory: 3.2, down 42.9% vs. April 2025
Days on market: 93, up 1.1% vs. April 2025
Source: RASE April 2026 Housing Market Statistical Reporting, released May 6, 2026.
What Stands Out
Inventory is much tighter
The biggest story is supply. There were 1,372 homes in inventory in April, down 34.2% from a year earlier, and new listings were down 21.6%. That pushed months supply down to 3.2. Months supply is a rough measure of how long it would take to sell everything on the market at the current pace. Lower numbers generally favor sellers.
Prices moved up
The median sales price reached $344,550, up 8.8% from $316,800 in April 2025. One month can swing based on which homes happened to close, so I also look at the longer view. RASE's 12-month figure for May 2025 through April 2026 shows the overall median sales price up 2.1% to $327,500. That steadier number is a better gauge of the overall trend than a single month.
Days on market held about even
Days on market came in at 93, up 1.1%. So even with tight inventory, homes overall were not selling dramatically faster than a year ago. Price, condition and location still matter a lot for how quickly an individual home sells.
New construction
For the 12-month period from May 2025 through April 2026, RASE reported new construction prices up 3.2% to a median of $379,700. Separately, new construction inventory was down 22.1% from a year earlier, the smallest inventory decline of any construction type.
Price ranges
Over the same 12 months, RASE reported the $150K to $200K range tended to sell the quickest, at 81 days, and the $2M and above range the slowest, at 197 days.
In the April housing supply report, single-family homes had 2.7 months of supply and condos had 5.7 months. These supply figures are an inventory snapshot, not 12-month averages.
What This Means for Buyers
Get pre-approved before you tour. With fewer homes on the market, being ready to move matters. vs. April 2025
Know your must-haves. Low inventory means fewer choices. Be clear about what you can and cannot compromise on. vs. April 2025
Look at the whole offer. Price matters, but so do clean terms, solid financing and reasonable timelines. vs. April 2025
Do not skip the inspection. Tight markets can create pressure to cut corners. Talk with me about how to stay competitive and still protect yourself. vs. April 2025
What This Means for Sellers
Supply is in your favor right now, but buyers are still price sensitive. Homes that are priced right and show well tend to perform best. vs. April 2025
Price from comparable sales, not from the headline median. Your home's value depends on your neighborhood, price range and condition. vs. April 2025
Prepare the house. Clean, repaired and well-photographed homes stand out. vs. April 2025
Watch your competition. I track the active and pending listings in your price range so we can adjust quickly. vs. April 2025
A Note on Reading Market Reports
Regional medians blend many very different homes and areas. Your situation can look very different from the headline. If you want to know how the numbers apply to your home or your search, I am happy to pull data specific to your area and price range.
Want Your Own Numbers?
Thinking of selling? Start on my selling page and request a free market analysis. Buying? See how I work with buyers on my buyers page.
Call or text me at 605.999.3522 or email tyler@amystockberger.com.
Tyler Stunes, Amy Stockberger Real Estate. Market data from the REALTOR® Association of the Sioux Empire, April 2026. Figures are for the Sioux Falls region and are not a guarantee of future results or the value of any specific home.
Sources
RASE, "RASE April 2026 Housing Market Statistical Reporting," Sioux Falls, SD, May 6, 2026 (April 2026 report; median $344,550, new listings 664, inventory 1,372, months supply 3.2, DOM 93; 12-month median $327,500; new construction $379,700; price-range days; months supply by type): https://www.linkedin.com/posts/rase-inc_rase-april-2026-housing-market-statistical-activity-7457813005242703872-duot
RASE: https://rase-inc.org/
Photo: Missy Kitzman from Sioux Falls, USA, CC BY 2.0, via Wikimedia Commons.