The story of this market
The typical home in ZIP 57048 sells for about $335,000, or $189 per square foot.
Prices are up +2.9% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $685 a month.
ZIP 57048 — Montrose
The Sioux Falls market shows moderate growth with a 2.9% year-over-year increase in median sale prices. Inventory remains constrained, supporting a competitive environment for buyers despite a slight increase in sales volume.
Median prices moved up 2.9% year over year.
Homes spend a median of 31 days on market with 3.7 months of supply — a fast-moving market.
36% of listings have cut prices · homes sell at 97.8% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 6.6% — a stable, low-distress profile.
ZIP code tabulation area 57048
- Big J's Roadhouse4.59.9 mi
- Hillside Resort4.316.6 mi
- Porter Sculpture Park4.76.6 mi
- Porter Sculpture Park4.76.6 mi
- Prairie Village4.617.6 mi
- Lake Vermillion State Recreation Area4.611.1 mi
- Porter Sculpture Park4.76.6 mi
- Hillside Resort4.316.6 mi
- Sioux Falls Regional Airport4.326.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.