How much will you actually net selling a home in Sioux Falls?

On a Sioux Falls home selling around the 2026 median of about $335,000, most sellers walk away with roughly 90–93% of the sale price after costs. The biggest line is agent commission, followed by owner’s title insurance, closing and recording fees, South Dakota’s small real estate transfer fee ($0.50 per $500 — about $335 on a median-priced home), and prorated property taxes. Because South Dakota’s non-commission closing costs run under 3% of the sale price — lower than most states — your final net comes down mostly to your sale price and the commission you agree to.

By Tyce Ortman — August 4, 2026

Here’s the number that actually matters when you sell: not your list price, and definitely not your Zestimate. It’s your net — the money that hits your account after everyone else is paid.

Most sellers are surprised in one direction or the other. Some expect closing costs to eat 10% or more and are relieved when they don’t. Others assume they’ll pocket the full sale price and get caught off guard by commission and prorated taxes. Let’s clear it up with real Sioux Falls numbers.

Start with your sale price, not your Zestimate

Your net calculation starts with what a buyer actually pays — not an online estimate. Automated values like the Zestimate or your county assessed value are starting points, not offers. In a market like Sioux Falls, where the metro median is running around $344,900 year to date and up about 5% over last year, pricing is about recent comparable sales in your specific area — a townhome near Veterans Parkway prices differently than an acreage outside Canistota.

Once you have a realistic sale price, you subtract the costs of selling. Here’s what those look like in South Dakota.

What actually comes out of your sale price

For a typical Sioux Falls sale, plan on these line items:

• Agent commission — usually the largest cost, generally in the range of 5–6% of the sale price and split between the listing and buyer’s sides. Since the 2024 commission rule changes, how the buyer’s agent is paid is negotiable and spelled out in the paperwork, so this is worth a real conversation before you list.
• Owner’s title insurance — protects the buyer’s ownership against title defects. It’s negotiable who pays, but in many South Dakota deals the seller covers the owner’s policy. Expect a few hundred to a couple thousand dollars depending on price.
• Title and closing fees — the settlement, escrow, and document fees charged by the title company handling your closing. First Dakota Title is a common choice locally, though where you close is flexible.
• South Dakota real estate transfer fee — $0.50 per $500 of value, or about $315–$335 on a median-priced home. It’s small, and the seller typically pays it at the Register of Deeds. Some cities or counties can add a fee on top, so confirm for your address.
• Prorated property taxes — you cover the portion of the year you owned the home up to closing. Depending on timing, this can be a meaningful number, and it’s easy to forget.
• Your remaining mortgage payoff — not a “cost” exactly, but it comes out of your proceeds. Your payoff includes any interest through the closing date.
• HOA transfer fees — only if your property is in an association.

Add those up and, on most Sioux Falls sales, the non-commission costs land under 3% of the price. Bundle in commission and you’re usually looking at total selling costs somewhere around 8–9%. (Buyers face their own set of these — if you’re curious how they stack up, here’s how Sioux Falls closing costs work and whether you can roll them into a loan.)

Why Sioux Falls sellers keep more than sellers in most states

Here’s the good news South Dakota sellers don’t always realize: our closing costs are genuinely low compared to most of the country. There’s no state income tax, no hefty documentary stamp tax, and the transfer fee is a rounding error next to what sellers pay in places like Illinois, Minnesota, or the coasts. On a $335,000 home, that transfer fee is roughly $335 — not the thousands you’d owe in higher-tax states.

That means for most Sioux Falls sellers, the real levers on your net aren’t obscure fees. They’re two things you can actually influence: the price you sell for and the commission structure you agree to. Everything else is relatively fixed and relatively small.

What actually moves your net number

1. Price it right the first time. Overpricing feels good for a week and expensive after a month. Homes that sit get price cuts, and a stale listing usually nets less than a sharp one — it’s the exact trade-off I break down in pricing to sell fast versus holding for top dollar. With inventory loosening and buyers gaining a little more selection and leverage in 2026, accurate pricing matters more than it did during the frenzy.
2. Prepare before you list. You don’t need to renovate the kitchen. You need the home to show clean, bright, and move-in ready. Small, targeted fixes and good photos protect your price far more than big-ticket projects that rarely return their cost.
3. Understand the commission conversation. Since the rule changes, how buyer-side compensation works is negotiable and disclosed up front. Knowing your options here is one of the biggest single factors in your net.
4. Watch your timing. Prorated taxes, your mortgage payoff interest, and even the season you sell in all nudge the final number. A smooth, well-timed closing keeps more in your pocket.
5. Read concession requests carefully. After inspection, buyers may ask for repairs or credits. How you handle that — and whether you did a little prep up front — directly affects your net.

Your specific number depends on your home’s condition, location, price point, and timing. That’s exactly what a local market analysis is for — running your real numbers instead of a national average.

The short version

Selling a home in Sioux Falls doesn’t come with the brutal closing costs sellers face in a lot of the country. Between low South Dakota fees and a market that’s still holding firm on price, most sellers here keep a healthy share of their sale price. The two things worth your attention are pricing and your commission agreement — get those right and the rest is mostly math.

Frequently Asked Questions

What are typical seller closing costs in South Dakota?

Excluding agent commission, South Dakota closing costs average under 3% of the sale price, covering items like title insurance, closing fees, the transfer fee, and prorated taxes. Add roughly 5–6% for total commission, and most sellers see combined selling costs around 8–9%. That’s on the low end nationally.

Does South Dakota have a real estate transfer tax?

Yes, but it’s small. South Dakota charges a real estate transfer fee of $0.50 per $500 of value — about $335 on a $335,000 home — and the seller usually pays it at closing. Some cities or counties may add a fee, so it’s worth confirming for your specific address. Compared to transfer taxes in many other states, it’s minor.

How much is realtor commission when selling in Sioux Falls?

Commission generally runs in the 5–6% range of the sale price, though it’s negotiable. Since the 2024 rule changes, how the buyer’s agent is compensated is disclosed and negotiated up front rather than assumed, so it’s smart to discuss the structure with your listing agent before you sign anything.

Why is my net so different from my Zestimate or assessed value?

A Zestimate is an automated guess, and your county assessed value is a tax figure — neither is what a buyer will actually pay, and neither subtracts your selling costs. Your true net starts with a realistic sale price based on recent local comparable sales, then subtracts commission, closing costs, and your mortgage payoff.

When do I actually get my money after closing?

Once the sale closes and documents are recorded, your proceeds are disbursed by the title company, typically the same day or within a business day, depending on how you’re paid and the timing of recording. Your mortgage payoff and all selling costs come out first, and the remainder is yours.

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If you’re thinking about selling in Sioux Falls or the surrounding communities, the smartest first step is knowing your real net — not a national average or an online estimate. I’m happy to run those numbers with you for your specific home and walk you through what to expect from list to closing. And if your next move is buying again, grab my free Sioux Falls Buyers Guide — it maps out the whole process step by step. Reach out anytime.

About Tyce Ortman
Tyce Ortman is a residential real estate agent with the Jeff Merrill Team at eXp Realty, serving Sioux Falls, South Dakota and surrounding communities including Brandon, Harrisburg, and Tea. He works with both buyers and sellers, guiding them from first search or listing all the way through closing. Connect with Tyce at thesiouxfallsguide.com.