Why 50% of Homes in Sioux Falls, SD Are Selling for Under Asking (and How To Avoid It)

 

If you’re selling your home in Sioux Falls, SD and still assuming you’ll get multiple offers over asking, it’s time for a reset. The frenzied seller’s market is behind us. According to the latest housing data, about 50% of homes are now selling for less than their asking price.

But here’s the key: that stat also means the other half are selling at (or above) asking. The difference comes down to strategy, timing, and preparation.

Why This Matters in Sioux Falls, SD

In Sioux Falls, SD, neighborhoods like Prairie Hills, McKennan Park, and Jefferson Heights are still seeing strong activity — but buyers are choosier than ever.

Over the past few years:

• 2018–2019: Roughly 50–55% of homes sold under asking (the normal baseline).
• 2021–2022: Only 25% sold under asking, fueled by record-low interest rates and intense buyer demand.
• 2025: We’re back to ~50% selling below asking, which is much closer to a balanced, sustainable market.

This means sellers in Sioux Falls, SD need to rethink pricing and presentation if they want their home to land in the winning 50%.

3 Key Selling Tips for Sioux Falls, SD Homeowners

✅ Prep Your House

Tackle essential repairs, touch-ups, and cosmetic fixes before listing. Updated kitchens, fresh paint, and clean landscaping are still big draws for buyers across Sioux Falls.

✅ Price Strategically From Day One

Overpricing is the fastest way to get ignored. Don’t just look at what homes are listed for in Sioux Falls — lean on your agent to price based on what homes have actually sold for in your neighborhood.

✅ Stay Flexible

Be ready to negotiate. Buyers may push for help with closing costs or repairs instead of a price cut. Flexibility can get your home sold at or near asking, especially during the crucial first two weeks on the market.

How Amy Stockberger Real Estate Can Help

At Amy Stockberger Real Estate, we don’t just list your home — we position it to win. Through our
Lifetime Home Support™ model, we give you:

• Access to our Home Support Team partners (repairs, staging, landscaping, and more).
• Exclusive Moving Concierge tools that simplify the transition.
• Real-time ROI insights so you know which improvements actually add value.

Check out our Home Valuation Tool for Sioux Falls, SD to see what your home could sell for today.

Ready to Take the Next Step?

If you want your home in Sioux Falls, SD to sell at (or even above) asking, you need the right pricing strategy and local expertise from day one.

Book your free consultation today — let’s map out the plan to get your house sold in those crucial first two weeks.

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