Rapid Valley, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Rapid Valley, SD is $280,000, down 9.4% year-over-year. Homes sell in an average of 100 days with 14 active listings. The market is currently a balanced market.
$280,000median sale price
Is Rapid Valley a buyer's or seller's market?
Rapid Valley, SD is currently a balanced market, based on 2.8 months of supply and homes selling in about 100 days. How we determine this →
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
Rapid Valley, SD market data
| Metric | Value |
|---|---|
| Median sale price | $280,000 |
| Median list price | $295,500 |
| Year-over-year price change | -9.4% |
| Average days on market | 100 days |
| Active inventory | 14 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 98.3% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Rapid Valley
There are currently 14 homes listed for sale in Rapid Valley, South Dakota. The median listing price is $296K.
Active listings
14
Homes on market
Median list price
$296K
Avg. days on market
100
Days until sale
New this week
2
Newly listed
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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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