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Featured local agent — Rapid Valley, SD
Sarah Mitchell
Compass Real Estate · Rapid Valley, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Rapid Valley, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$306,000median sale price
How is the Rapid Valley, SD housing market right now?
The median home sale price in Rapid Valley, SD is $306,000, down 2.5% year-over-year. Homes sell in an average of 62 days with 18 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Rapid Valley a buyer's or seller's market?
Rapid Valley, SD is currently a seller's market, based on 1.3 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
62
Average pace
Active listings
18
1.3 months supply
Sale-to-list
98.8%
Below asking
What does the Rapid Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $306,000 |
| Median list price | $332,500 |
| Year-over-year price change | -2.5% |
| Average days on market | 62 days |
| Active inventory | 18 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 10 |
| Listings with a price cut | 11.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Rapid Valley by property type?
How the Rapid Valley, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $307,000 | $205/sq ft | 13 | 60 days |
| Townhouse | $290,610 | $143/sq ft | 1 | 198 days |
Source: Redfin · Updated monthly
The Rapid Valley housing market is currently classified as a seller's market with a median sale price of $306,000. Prices have fallen 2.5% compared to last year, with homes spending an average of 62 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Rapid Valley
There are currently 18 homes listed for sale in Rapid Valley, South Dakota. The median listing price is $333K.
Active listings
18
Homes on market
Median list price
$333K
Avg. days on market
62
Days until sale
New this week
10
Newly listed
Who lives in Rapid Valley?
Population
7,153
Median income
$85,217/yr
Median age
42.6 years
Owner-occupied
95.8%
College grads
20.1%
Avg commute
18.1 min
Source: U.S. Census Bureau ACS
What is it like to live in Rapid Valley?
Rapid Valley is a community of approximately 7K residents with a median age of 42.6 years.The median household income is $85,217, which reflects a relatively affluent area with strong earning potential. 20.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 95.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Rapid Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Rapid Valley, SD?
Want a head-to-head view? Compare Rapid Valley side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Rapid Valley?
The median home sale price in Rapid Valley is $306,000, down 2.5% from last year.
How long do homes stay on market in Rapid Valley?
Homes typically spend 62 days on market before going under contract.
What is the median income in Rapid Valley?
The median household income is $85,217 per year.
Is Rapid Valley a buyer's or seller's market?
With 1.3 months of supply, Rapid Valley is currently a seller's market.
How much does a single-family home cost in Rapid Valley?
The median single-family home price in Rapid Valley, SD is $307,000 (about $205 per square foot).
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