Rapid City, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Rapid City, SD is $320,000, up 4.9% year-over-year. Homes sell in an average of 87 days with 316 active listings. The market is currently a leaning buyer's.
$320,000median sale price
Is Rapid City a buyer's or seller's market?
Rapid City, SD is currently a leaning buyer's, based on 4.9 months of supply and homes selling in about 87 days. How we determine this →
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
Rapid City, SD market data
| Metric | Value |
|---|---|
| Median sale price | $320,000 |
| Median list price | $325,000 |
| Year-over-year price change | +4.9% |
| Average days on market | 87 days |
| Active inventory | 316 listings |
| Months of supply | 4.9 months |
| Sale-to-list price ratio | 97.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
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
Homes for sale in Rapid City
There are currently 316 homes listed for sale in Rapid City, South Dakota. The median listing price is $325K.
Active listings
316
Homes on market
Median list price
$325K
Avg. days on market
87
Days until sale
New this week
79
Newly listed
Top public schools in Rapid City
25 schools tracked · 12,093 students
The largest public schools serving Rapid City, SD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Central High School - 41
Grades 9-12 · 2,020 students
Stevens High School - 42
Grades 9-12 · 1,763 students
Southwest Middle School - 38
Grades 6-8 · 665 students
East Middle School - 30
Grades 6-8 · 611 students
West Middle School - 37
Grades 6-8 · 603 students
Valley View Elementary - 13
Grades K-5 · 584 students
South Middle School - 36
Grades 6-8 · 502 students
Rapid Valley Elementary - 12
Grades PK-5 · 487 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in SD
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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