Rapid Valley, SD
Housing market overview · Updated weekly
$280,000median sale price
Homes sold
5
Last 12 weeks
Days on market
100
Average pace
Active listings
14
2.8 months supply
Sale-to-list
98.3%
Below asking
The Rapid Valley housing market is currently classified as a balanced market with a median sale price of $280,000. Prices have fallen 9.4% compared to last year, with homes spending an average of 100 days on market, indicating 2.8 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 Valley?
The median home sale price in Rapid Valley is $280,000, down 9.4% from last year.
How long do homes stay on market in Rapid Valley?
Homes typically spend 100 days on market before going under contract.
Is Rapid Valley a buyer's or seller's market?
With 2.8 months of supply, Rapid Valley is currently a balanced market.
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