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County Overview

Pennington County, SD

Aggregate real estate market report across county ZIPs
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The Pennington County, SD real estate market currently shows 746 active listings, with 197 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 33 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 57 days last year.

The median listing price has risen 0.4% year-over-year, from $395,750 to $397,450.

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Market Context

Market Context

Population: 101,523  ·  Density: 172.6/mi²  ·  Median household income: $67,643

Typical home value: $251,429  ·  Homeownership: 69.3%

Included Areas

Rapid City: 57701, 57702, 57703

Caputa: 57725

Hill City: 57745

Keystone: 57751

Quinn: 57775

Scenic: 57780

Wall: 57790

Area Map

Market Overview

Active Listings
746
⇧ 4.6% vs 713 last year
Pending
197
26% pending ratio
Median Price
$397,450
⇧ 0.4% vs $395,750 last year
Average Price
$547,995
⇧ 7.7% vs $508,937 last year
Days on Market
62
⇧ 8.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$245
⇧ 5.6% vs $232/sqft last year
Median Home Size
1,781 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇧ 33.3% vs 0.2% last year
Price Increased
0%
⇧ 43.5%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

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 %