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RAPID CITY, SD 57702

Real Estate Market Report  ·  Pennington County
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 (57702) currently shows 164 active listings, with 55 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 52 days on market compared to 48 days last year.

The median listing price has risen 19.7% year-over-year, from $552,400 to $661,175.

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: 34,985  ·  Density: 47.3/mi²  ·  Median household income: $81,537

Typical home value: $320,350  ·  Homeownership: 74.9%

Market Overview

Active Listings
164
⇧ 22.4% vs 134 last year
Pending
55
34% pending ratio
Median Price
$661,175
⇧ 19.7% vs $552,400 last year
Average Price
$1,057,920
⇧ 45.1% vs $729,241 last year
Days on Market
52
⇧ 8.3% vs 48 days last year

Price Per Square Foot

Median $/sqft
$241
⇩ 4% vs $251/sqft last year
Median Home Size
2,743 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 164 this year vs 134 last year
  • Days on market: 52 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $661,175 (+19.7% YoY)
  • Average: $1,057,920 (+45.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 51.1 miles — 749 listings ($488,630,800 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57702Rapid City, SD 577020.0 mi144$150,041,952$650,000$1,041,958
57701Rapid City, SD 5770110.8 mi197$83,785,479$344,900$425,307
57769Piedmont, SD 5776915.3 mi26$16,774,264$618,744$645,164
57703Rapid City, SD 5770317.0 mi120$49,397,160$377,788$411,643
57745Hill City, SD 5774520.0 mi7$8,140,300$998,000$1,162,900
57730Custer, SD 5773024.6 mi38$34,816,360$805,500$916,220
57785Sturgis, SD 5778528.1 mi55$38,996,485$573,800$709,027
57725Caputa, SD 5772529.6 mi2$829,000$414,500$414,500
57793Whitewood, SD 5779335.0 mi18$11,856,762$421,000$658,709
57783Spearfish, SD 5778340.3 mi86$65,969,654$671,175$767,089
57747Hot Springs, SD 5774745.5 mi54$27,628,884$399,250$511,646
57791Wasta, SD 5779147.8 mi1$160,000$160,000$160,000
57762Nisland, SD 5776251.1 mi1$234,500$234,500$234,500

Frequently Asked Questions

How many homes are for sale in RAPID CITY, SD 57702?

As of March 2026, there are 164 active listings in RAPID CITY, SD (zip code 57702), compared to 134 the prior year.

What is the median home price in RAPID CITY, SD 57702?

The median listing price in RAPID CITY, SD 57702 is $661,175 as of March 2026, a 19.7% increase from $552,400 the prior year.

How long do homes stay on the market in RAPID CITY, SD?

Homes in RAPID CITY, SD 57702 spend an average of 52 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in RAPID CITY, SD 57702?

Based on current inventory and days-on-market data as of March 2026, RAPID CITY, SD 57702 is currently a Buyer's Market. Inventory has increased compared to last year, with 30 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 52 days on market compared to 48 days last year.

How much can I save on real estate commission in RAPID CITY, SD?

With SELL123.com's maximum 3% commission, sellers in RAPID CITY, SD 57702 save an estimated $13,224 compared to a typical 5% commission on the median listing price of $661,175. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.