The story of this market
The typical home in ZIP 57005 sells for about $330,000, 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 $972 a month.
ZIP 57005 — Brandon
The Sioux Falls market, including ZIP 57005, shows signs of stabilization with a median price of $330,000 and a year-over-year increase of 2.9%. Inventory remains tight, and days on market have decreased, indicating sustained demand despite broader economic headwinds. Figures are based on metro-wide RASE and Redfin data as ZIP-specific closed-sale counts are not independently published.
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 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.0% · poverty 1.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 57005, Minnehaha County SD
Data retrieved from data.census.gov ZCTA-level tables.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.