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Featured local agent — Rapids City, IL
Sarah Mitchell
Compass Real Estate · Rapids City, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rapids City, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$370,000median sale price
How is the Rapids City, IL housing market right now?
The median home sale price in Rapids City, IL is $370,000. Homes sell in an average of 49 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Rapids City a buyer's or seller's market?
Rapids City, IL is currently a balanced market and homes selling in about 49 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
49
Average pace
Active listings
—
Sale-to-list
98.7%
Below asking
What does the Rapids City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $370,000 |
| Average days on market | 49 days |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $254/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Rapids City by property type?
How the Rapids City, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $370,000 | $254/sq ft | 1 | 49 days |
| Townhouse | $620,000 | $148/sq ft | 1 | 30 days |
Source: Redfin · Updated monthly
The Rapids City housing market is currently classified as a balanced market with a median sale price of $370,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 49 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.8x provides context for how home values compare to local earning capacity.
Homes for sale in Rapids City
Explore homes currently listed for sale in Rapids City, Illinois across major real estate platforms.
Who lives in Rapids City?
Population
1,012
Median income
$90,750/yr
Median age
46.3 years
Owner-occupied
96.6%
College grads
21.5%
Avg commute
20.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Rapids City?
Zillow home value
$255,760
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Rapids City?
Rapids City is a community of approximately 1K residents with a median age of 46.3 years.The median household income is $90,750, which reflects a relatively affluent area with strong earning potential. 21.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 96.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Rapids City offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Rapids City, IL?
Want a head-to-head view? Compare Rapids City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Rapids City?
The median home sale price in Rapids City is $370,000, down 0.0% from last year.
How long do homes stay on market in Rapids City?
Homes typically spend 49 days on market before going under contract.
What is the median income in Rapids City?
The median household income is $90,750 per year.
What is the Zillow home value estimate for Rapids City?
The Zillow Home Value Index (ZHVI) for Rapids City is $255,760, representing the typical home value in the area.
How much does a single-family home cost in Rapids City?
The median single-family home price in Rapids City, IL is $370,000 (about $254 per square foot).
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