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City / Town Overview

Rapid City, SD

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Rapid City, SD real estate market currently shows 506 active listings, with 186 pending sales. Homes are averaging 43.8 days on the market before going under contract.

Inventory has increased compared to last year, with 157 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 43.8 days on market compared to 43.1 days last year.

The median listing price has risen 7.2% year-over-year, from $433,142 to $464,297.

Whether you are buying or selling in Rapid City, SD, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 96,982  ·  Density: 180.6/mi²  ·  Median household income: $67,032

Typical home value: $250,309  ·  Homeownership: 68.6%

Included Areas

Rapid City: 57701, 57702, 57703, 57709

Area Map

Market Overview

Active Listings
506
⇧ 45% vs 349 last year
Pending
186
37% pending ratio
Median Price
$464,297
⇧ 7.2% vs $433,142 last year
Average Price
$634,273
⇧ 17.3% vs $540,831 last year
Days on Market
43.8
⇧ 1.6% vs 43 days last year

Price Per Square Foot

Median $/sqft
$244
⇧ 3.3% vs $236/sqft last year
Median Home Size
1,929 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %