“To them it’s not about the sale, it’s about trying to help families move on. They treated me like I was their only client, and I had that one-on-one attention.”Read more about Charlisa Boyd
Charlisa Boyd
Sold to Opendoor in Raleigh, NC
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Sold to Opendoor in Phoenix, AZ
How Opendoor works
See how selling to Opendoor works, or check a home value estimate.
- 1
Tell us about your home
Answer some basic questions and tell us about what makes your home special. - 2
Show us your home
Download the Opendoor Key App and take a few simple photos of your home. The app will guide you through the process. - 3
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Our local pricing experts review your photos and home details. Offers are typically finalized within a few days.
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Home Sale CalculatorWhat’s your home worth in Sioux Falls?
Get a free estimate with our home value estimator, then come back to compare it against a no-obligation Opendoor offer.
Selling Process & Nearby Markets
How selling to Opendoor compares
Selling to Opendoor:
- - Cash offer within 24 hours
- - Close in 21-60+ days on your schedule
- - No repairs, staging, or showings
- - No buyer financing contingencies
- - No attorney review period
- - Licensed title company handles closing
- - Service fee competitive with agent commissions
- - Certainty on net proceeds from day one
Traditional listing:
In Sioux Falls, homes took a median of 64 days to sell over the past 90 days, with about 6% selling within 30 days and roughly 4.7 months of supply (Opendoor market data, Jun 2026). The median sale price is about $336,500. South Dakota has no state income tax and closes through a title or escrow company (no attorney required); sellers pay only the low 0.1% transfer fee. The main cost comparison is Opendoor's service fee versus agent commissions (5-6%), carrying costs during the listing period, and the uncertainty of a financing-contingent sale.
Sell your home across South Dakota and nearby states
Selling another South Dakota home, or just over the state line? Opendoor buys homes across the region:
Nearby states
- Iowa
- Montana
- Nebraska
- Wyoming
How to Sell a House in Sioux Falls, SD Fast
What are the steps to selling a house in Sioux Falls, South Dakota?
- Decide your selling strategy - Sioux Falls homes took a median of 64 days to sell over the past 90 days, and only about 6% sold within 30 days (Opendoor market data, Jun 2026), so set your timeline expectations accordingly.
- Price accurately for today's market - the median sale price is approximately $336,500, up 3.4% year over year, with homes closing at about 100.0% of list price.
- Complete the Seller's Property Condition Disclosure Statement - South Dakota law (SDCL 43-4-44) requires most sellers to give the buyer this mandatory written disclosure of the property's known condition.
- Close through a title or escrow company - South Dakota does not require an attorney; a title company handles escrow, title insurance, and recording. The seller customarily pays the real estate transfer fee of $0.50 per $500 (0.1%).
What documents do I need to sell my house in South Dakota?
Sioux Falls sellers typically need: the South Dakota Residential Property Condition Disclosure (or as-is disclaimer), your current deed, the most recent mortgage payoff statement, HOA or condo documents where applicable, and the title commitment your title company prepares. South Dakota closes through a title or escrow company, so a licensed closing agent runs the closing, the title company issues title insurance, and the deed is recorded with the county Register of Deeds. See our guide on how to sell your house fast for the full checklist.
Cost to sell a house in Sioux Falls, South Dakota
South Dakota keeps seller transaction costs comparatively low: there is no state income tax at all, and the real estate transfer fee is only $0.50 per $500 (0.1%). The main seller costs are agent commissions, title and closing fees, the transfer fee, and prorated property taxes (South Dakota property taxes are paid in arrears in two installments).
Total seller closing costs in Sioux Falls typically run 6-8% of the sale price: agent commissions (5-6%), title and closing fees (~1%), and prorated property taxes; the transfer fee is a modest 0.1%. On the current $336,500 median sale price, total seller costs commonly land around $20,190-$26,920. Use Opendoor's home sale calculator to estimate your specific net proceeds.
How to calculate net proceeds from your Sioux Falls home sale
Net proceeds are what you keep after every cost is subtracted. The formula is:
Net proceeds = sale price - mortgage payoff - closing costs - commissions - repairs/concessions
Using Sioux Falls's $336,500 median sale price as an example: if you owe $185,000 on your mortgage, pay 5.5% agent commissions ($18,508), title and closing fees (~$3,365), and minor concessions ($1,000), your estimated net proceeds would be approximately $128,291. South Dakota has no state income tax on your gain, and the transfer fee is only 0.1%. Use our home sale calculator to run your own numbers.
We buy houses in Sioux Falls for cash
Sioux Falls has an active cash buyer market, driven by relocation demand, investor activity, and homeowners who need to move on a fixed timeline. The difference between Opendoor and a typical 'We Buy Houses' investor is the offer itself: investors often target 50-70% of market value, while Opendoor aims for a competitive, data-driven offer much closer to market value, with the adjustments itemized so you see exactly what changed.
With Sioux Falls homes taking a median of 64 days to sell and only about 6% selling within 30 days, an Opendoor cash offer gives you a defined net proceeds figure from day one, with a flexible 21 to 60+ day close. No listings, no showings, and no financing contingencies. Sell your Sioux Falls house fast for cash on your schedule.
Selling a home in Sioux Falls involves South Dakota-specific points including the statutory Seller's Property Condition Disclosure, a low 0.1% transfer fee, and a title-company closing, in a market where the typical home takes about 2.1 months to sell. Opendoor simplifies the process - receive a cash offer, choose your closing date, and Opendoor coordinates the title company and closing. No listings, no showings, no uncertainty.
About Sioux Falls Real Estate Market
Current Market Conditions
Sioux Falls market at a glance (Opendoor market data, Jun 2026): Median sale price $336,500 | YoY change: +3.4% | Median days on market: 64 | Months of supply: ~4.7 | Sale-to-list: 100.0%.
Over the trailing 28 days, Sioux Falls saw about 405 new listings, 260 homes sold, and 95 delistings, with roughly 1,367 homes active on the market. Of homes that sold in the last 90 days, about 0.3% closed within 7 days, 1.3% within 14 days, and 6% within 30 days, with a median of 64 days.
Figures are computed from Opendoor's first-party MLS data for homes in Sioux Falls, South Dakota, as of Jun 2026.
Sioux Falls home prices and sales by month (last 12 months)
From Opendoor first-party MLS data for Sioux Falls, SD (through Jun 2026). Month-over-month (MoM) change is calculated on the median sale price.
| Month | Homes sold | Median sale price | MoM change | Median days on market | Sale-to-list |
|---|---|---|---|---|---|
| Jun 2025 | 326 | $329,950 | — | 63 | 100.0% |
| Jul 2025 | 289 | $334,750 | +1.5% | 57 | 99.2% |
| Aug 2025 | 261 | $344,900 | +3.0% | 65 | 99.2% |
| Sep 2025 | 193 | $338,500 | -1.9% | 65 | 99.2% |
| Oct 2025 | 277 | $325,000 | -4.0% | 68 | 99.2% |
| Nov 2025 | 165 | $323,000 | -0.6% | 67 | 98.5% |
| Dec 2025 | 213 | $312,000 | -3.4% | 69 | 98.3% |
| Jan 2026 | 132 | $333,750 | +7.0% | 83 | 98.9% |
| Feb 2026 | 150 | $335,000 | +0.4% | 76 | 98.9% |
| Mar 2026 | 218 | $311,450 | -7.0% | 64 | 98.9% |
| Apr 2026 | 285 | $331,500 | +6.4% | 66 | 99.7% |
| May 2026 | 323 | $345,000 | +4.1% | 65 | 100.0% |
| Jun 2026 | 295 | $335,000 | -2.9% | 62 | 100.0% |
Where homes sell fastest in Sioux Falls (by ZIP)
Median days on market and sale price by Sioux Falls ZIP code, Opendoor MLS data (last 6 months, ZIP codes with 25+ closed sales), sorted fastest first.
| ZIP code | Median days on market | Median sale price | Homes sold (6 mo) |
|---|---|---|---|
| 57105 | 60 | $279,900 | 155 |
| 57106 | 62 | $330,000 | 328 |
| 57103 | 63 | $289,900 | 185 |
| 57104 | 65 | $230,000 | 138 |
| 57107 | 71 | $327,650 | 106 |
| 57108 | 73 | $394,375 | 264 |
| 57110 | 82 | $460,000 | 242 |
Sioux Falls supply vs demand by month (last 12 months)
New listings versus homes sold each month, Opendoor MLS data for Sioux Falls through Jun 2026. A sold-to-new ratio below 100% means inventory is building.
| Month | New listings | Homes sold | Sold-to-new ratio |
|---|---|---|---|
| Jun 2025 | 485 | 326 | 67% |
| Jul 2025 | 493 | 289 | 59% |
| Aug 2025 | 419 | 261 | 62% |
| Sep 2025 | 527 | 193 | 37% |
| Oct 2025 | 453 | 277 | 61% |
| Nov 2025 | 278 | 165 | 59% |
| Dec 2025 | 257 | 213 | 83% |
| Jan 2026 | 423 | 132 | 31% |
| Feb 2026 | 348 | 150 | 43% |
| Mar 2026 | 449 | 218 | 49% |
| Apr 2026 | 457 | 285 | 62% |
| May 2026 | 511 | 323 | 63% |
| Jun 2026 | 488 | 295 | 60% |
Economic Drivers
Sioux Falls is the largest city in South Dakota (about 192,500 people) and fast-growing, anchored by healthcare (Sanford Health, Avera) and a large financial-services sector drawn by the state's tax structure, on the Big Sioux River - with no state income tax.
What This Means for Sellers
Sioux Falls sellers face a market that rewards pricing discipline: a median 64 days on market and about 4.7 months of supply mean buyers have negotiating room, and roughly 24% of listings end up cutting price. South Dakota's seller closing costs are relatively low - no state income tax on the gain, a modest 0.1% transfer fee, plus title and closing fees - though budget for prorated property taxes. For sellers who value certainty over chasing the highest possible price, a direct cash sale to Opendoor provides a defined net proceeds figure from day one without the multi-month timeline of a traditional listing.
Frequently asked questions
Late spring and summer typically bring the most buyers in Sioux Falls, but with about 4.7 months of supply, pricing matters more than timing. Opendoor buys year-round with no seasonal adjustment. Learn more about the best time to sell a house.
Sioux Falls homes took a median of 64 days to sell over the past 90 days, and only about 6% sold within 30 days (Opendoor market data, Jun 2026), plus roughly two to four weeks to close through the title or escrow company. With Opendoor you receive a cash offer within 24 hours and can close in as little as 21 days. Learn more about how long it takes to sell a house.
Price at current closed comparable sales from day one. With a median 64 days on market and about 24% of listings cutting price, overpriced homes lose momentum quickly. See our guide on how to sell your house fast, or get an Opendoor cash offer to skip the listing process.
Sioux Falls sellers typically pay 6-8% of the sale price: agent commissions (5-6%), title and closing fees (~1%), the 0.1% transfer fee, and prorated property taxes. On the $336,500 median that is roughly $20,190-$26,920. See our guide on how much it costs to sell a house.
South Dakota is not an attorney-required closing state. Residential sales typically close through a licensed title or escrow company, which handles the closing, title insurance, and disbursement. Opendoor coordinates the title company and closing on every Sioux Falls transaction.
South Dakota requires most sellers to complete the mandatory statutory Seller's Property Condition Disclosure Statement (SDCL 43-4-44), disclosing the known condition of the property. The South Dakota disclosure statute (SDCL 43-4-44) sets the requirement. You must disclose known defects, but you are not required to make repairs before selling.
Yes. For sale by owner is legal in South Dakota, and because the state closes through a title or escrow company, a licensed closing agent handles the closing mechanics and recording. Opendoor is a direct buyer, so there is no listing agent at all. See our guide on selling without a realtor.
South Dakota has no state income tax at all, so there is no state tax on your home-sale gain. The South Dakota Department of Revenue confirms there is no state income tax. Federal capital gains tax may still apply, though the IRS lets many sellers exclude up to $250,000 of gain ($500,000 if married filing jointly) on a primary residence; see IRS Topic 701.
South Dakota property taxes are paid in arrears in two installments - due April 30 and October 31 - and are prorated between buyer and seller at closing. Lawrence County explains the South Dakota property tax schedule. Your title or escrow company calculates the proration.
Sioux Falls's median sale price is about $336,500 as of Jun 2026, up 3.4% year over year, with homes closing near 100.0% of list. See our guide on factors that influence home value.
With about 4.7 months of supply and a median 64 days on market, Sioux Falls favors prepared, well-priced sellers; overpriced listings sit and many cut price. If you need certainty on timing or net proceeds, an Opendoor cash offer removes market-timing risk. Learn more about the best time to sell a house.
Listing with an agent can bring the highest headline price but, in Sioux Falls, means a median 64 days on market plus closing time, 5-6% commissions, prep and showings. A We Buy Houses investor closes fast but often offers 50-70% of market value. Opendoor sits in between: a competitive cash offer much closer to market value, a 24-hour offer, and a close date you choose. Compare net proceeds, not just headline price. See our comparison guide.
Beyond commissions, South Dakota sellers often overlook title and closing fees, prorated property taxes, repair credits after inspection, and carrying costs during a multi-month sale. See our guide on hidden fees when selling a house, and use our home sale calculator.
Yes. South Dakota sellers must complete the Seller's Property Condition Disclosure Statement and disclose known material defects, but you are not required to make repairs before selling. Opendoor purchases homes as-is, with condition-related adjustments itemized in the offer. Learn more about how to sell your house for the most money.
Yes. Eastern South Dakota's dominant hazard is tornadoes and severe thunderstorms with large hail (three EF2 tornadoes struck south Sioux Falls in 2019), plus winter blizzards. South Dakota requires the statutory Seller's Property Condition Disclosure, but you are not required to repair the damage before selling. A cash sale buys as-is and itemizes any condition-related adjustments.
Yes. South Dakota allows both judicial and non-judicial (advertisement) foreclosure, so a fast cash sale can let you pay off the loan before a sale. A cash sale can close in as little as 21 days. Learn more about how to sell your house fast.
Yes, once the estate has legal authority to convey the property through South Dakota probate (where it applies). A cash buyer purchases inherited homes as-is, so you can skip repairs and clean-out. See what a cash offer means.
Yes. In South Dakota an existing lease generally transfers with the property, and the tenant's rights under that lease continue after the sale. A cash sale can be simpler than listing a tenant-occupied home. Learn more about selling your house for fast cash.
Yes. If a job relocation puts you on a fixed timeline, a cash offer gives you a firm close date you choose. Learn more about how to sell your house fast.