Why Live in Terrace Park
Terrace Park in Sioux Falls is a residential neighborhood located a mile and a half northwest of downtown. The area is known for its namesake park, which features Covell Lake, a popular spot for urban fishing, kayaking, and canoeing. The park also includes a well-loved outdoor pool, Japanese gardens, and athletic facilities such as Little League baseball fields. The neighborhood is characterized by a mix of single-family homes, including early 20th-century Tudors and American Foursquares, as well as midcentury ranch-style and split-level homes. Tall trees and sidewalks make it ideal for morning jogs and evening strolls. Terrace Park is home to a few notable dining options, such as Ken's Korner, Habesha, and The Log Cabin, with additional attractions and restaurants available downtown. The Sioux Falls Municipal Band performs free concerts in the park during the summer, adding to the community's vibrant atmosphere. For education, students attend Lincoln High School, which is highly rated. The neighborhood is safer than the national average, and most errands require a car, although downtown and the park are within walking distance. The nearest hospital, Sanford USD Medical Center, is a mile and a half away, and the Sioux Falls Regional Airport is two miles north.
Home Trends in Terrace Park, SD
On average, homes in Terrace Park, Sioux Falls sell after 7 days on the market compared to the national average of 52 days. The median sale price for homes in Terrace Park, Sioux Falls over the last 12 months is $147,500.
Median Sale Price
$147,500
Median Single Family Sale Price
$155,000
Average Price Per Sq Ft
$137
Number of Homes for Sale
1
Last 12 months Home Sales
4
Median List Price
$149,900
Median Change From 1st List Price
-2%