Rapid City, SD
Housing market overview · Updated weekly
$320,000median sale price
Homes sold
65
Last 12 weeks
Days on market
87
Average pace
Active listings
316
4.9 months supply
Sale-to-list
97.5%
Below asking
The Rapid City housing market is currently classified as a leaning buyer's with a median sale price of $320,000. Prices have risen 4.9% compared to last year, with homes spending an average of 87 days on market, indicating 4.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Rapid City?
The median home sale price in Rapid City is $320,000, up 4.9% from last year.
How long do homes stay on market in Rapid City?
Homes typically spend 87 days on market before going under contract.
Is Rapid City a buyer's or seller's market?
With 4.9 months of supply, Rapid City is currently a leaning buyer's.
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