Is Sioux City, IA 51108 a buyer’s or seller’s market?
Sioux City is a seller’s market. With about 1.2 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 72% of U.S. ZIP codes, and #31 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sioux City housing market right now
In the three months ending August 31, 2026, 22% of homes in Sioux City, IA 51108 sold above their list price, the typical home went under contract in 25 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold more slowly (12 days then) and the median sale price rose 58% to $292,873. Overall, Sioux City is less competitive than a year ago, which gives buyers more room.
Within Plymouth County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Sioux City ranks #31 of 156 IA ZIP codes with enough sales (score 68 out of 100).
Nearby, buyers who want less competition could look at Westfield 51062 (0% sold over asking) or Remsen 51050 (0% sold over asking), while Akron 51001 (38% sold over asking) is even more competitive.
Run the numbers for 51108
Nearby markets
Akron 51001Seller’s market $119 /sq ftHinton 51024Seller’s market $185 /sq ftKingsley 51028Buyer’s market $202 /sq ftLe Mars 51031Seller’s market $145 /sq ft Browse all markets →Towns like Sioux City nearby
Find towns like Sioux City in other states →Where Sioux City is
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Questions about Sioux City real estate
Is Sioux City a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Sioux City, IA 51108 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sioux City?
The typical home went under contract in 25 days in the latest three months.
Do homes in Sioux City sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Sioux City?
About 1.07% of a home’s value a year in Plymouth County, or roughly $4,280 on a $400,000 home.
What is the median home price in Sioux City?
The median sale price was $292,873 in the three months ending August 31, 2026, about $150 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology