Author Amy Stockberger | Founder, Amy Stockberger Real Estate | Creator, Lifetime Home Support™ Academy | Partner, ProInsight – helping agents scale with Relational Tech™ | Ranked the #1 Real Estate Team in South Dakota since 2017 and #33 in the Nation by Real Trends
Buying a home in Sioux Falls, SD comes with its fair share of questions — and one of the biggest lately is whether bidding wars are still something buyers need to worry about. The good news? In many cases, competition isn’t nearly as fierce as it was just a few years ago. That shift gives local buyers more leverage, more options, and more breathing room to make confident decisions.
Why This Matters in Sioux Falls, SD
Nationally, only 1 in 5 homes (20%) received multiple offers in June 2025 — down from 31% in 2024 and 39% in 2023. While the pressure is easing overall, your experience in Sioux Falls, SD may look different depending on neighborhood and price point.
For example, homes in highly sought-after areas like southwest Sioux Falls or Harrisburg may still see stronger competition due to limited inventory. But in other areas, buyers are finding more listings, more flexible sellers, and far fewer bidding wars.
Tips for Today’s Buyers in Sioux Falls, SD
Tip 1: Expect Less Competition, But Stay Prepared
You’ll likely face fewer bidding wars, which means more time to evaluate homes and negotiate terms. But in lower-inventory neighborhoods, competition can still heat up quickly — be ready with financing pre-approval.
Tip 2: Look for Seller Concessions
According to a Redfin report, nearly half of sellers are offering concessions such as covering closing costs or reducing list price. This shift gives buyers in Sioux Falls, SD stronger negotiating power than they’ve had in years.
Tip 3: Use Local Market Expertise
The Sioux Falls housing market doesn’t move in lockstep with national averages. That’s why working with a trusted local agent is critical. We’ll help you know where competition is still high — and where you have more room to negotiate.
How Amy Stockberger Real Estate Can Help
At Amy Stockberger Real Estate, we give buyers unmatched support through our
Lifetime Home Support™ system — before, during, and forever™. With exclusive access to our
Home Support Team Partners, free moving perks, and concierge-style tools, you’ll save time, money, and stress.
Ready to Take the Next Step?
If bidding wars have been holding you back, now is the time to take another look. With fewer multiple-offer situations and more sellers willing to negotiate, you have more power and flexibility than ever.
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