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City / Town Overview

Rapid City, SD

Aggregate real estate market report across all ZIPs in scope
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The Rapid City, SD real estate market currently shows 575 active listings, with 167 pending sales. Homes are averaging 46.7 days on the market before going under contract.

Inventory has tightened compared to last year, with 26 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 46.7 days on market compared to 45.4 days last year.

The median listing price has fallen 3.4% year-over-year, from $471,157 to $455,195.

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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
575
⇩ 4.3% vs 601 last year
Pending
167
29% pending ratio
Median Price
$455,195
⇩ 3.4% vs $471,157 last year
Average Price
$581,454
⇧ 7.8% vs $539,249 last year
Days on Market
46.7
⇧ 2.9% vs 45 days last year

Price Per Square Foot

Median $/sqft
$246
⇧ 6.9% vs $230/sqft last year
Median Home Size
1,886 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 %