The story of this market
The typical home in ZIP 57068 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 $1,111 a month.
ZIP 57068 — Valley Springs
The Sioux Falls market, which includes ZIP 57068, shows signs of stabilization with a 2.9% year-over-year price increase and a reduction in days on market. Inventory remains tight, supporting a competitive environment for buyers despite broader economic headwinds.
Median prices moved up 2.9% year over year.
Homes spend a median of 31 days on market with 3.5 months of supply — a fast-moving market.
4% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 5.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 57068
Data aggregated from regional Sioux Falls metro reports and national census profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.