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RAPID CITY, SD 57702

Real Estate Market Report  ·  Pennington County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
137
⇧ 13.2% vs 121 last year
Pending
39
28% pending ratio
Median Price
$610,000
⇧ 20.2% vs $507,425 last year
Average Price
$960,640
⇧ 36.3% vs $705,048 last year
Days on Market
90
⇧ 4.7% vs 86 days last year

Market Context

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

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

Market Analysis

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

The RAPID CITY, SD real estate market (57702) currently shows 137 active listings, with 39 pending sales. Homes are averaging 90 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 90 days on market compared to 86 days last year.

The median listing price has risen 20.2% year-over-year, from $507,425 to $610,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 137 this year vs 121 last year
  • Days on market: 90 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $610,000 (+20.2% YoY)
  • Average: $960,640 (+36.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 51.1 miles — 708 listings ($448,758,441 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57702Rapid City, SD 577020.0 mi137$131,607,680$610,000$960,640
57701Rapid City, SD 5770110.8 mi175$73,513,825$344,000$420,079
57769Piedmont, SD 5776915.3 mi25$16,728,175$649,900$669,127
57703Rapid City, SD 5770317.0 mi119$50,940,687$388,400$428,073
57745Hill City, SD 5774520.0 mi9$8,610,210$832,500$956,690
57730Custer, SD 5773024.6 mi40$34,624,960$662,000$865,624
57785Sturgis, SD 5778528.1 mi52$36,767,588$589,000$707,069
57725Caputa, SD 5772529.6 mi1$504,750$504,750$504,750
57793Whitewood, SD 5779335.0 mi14$9,932,034$525,000$709,431
57783Spearfish, SD 5778340.3 mi78$58,001,346$619,000$743,607
57747Hot Springs, SD 5774745.5 mi55$26,601,520$362,450$483,664
57791Wasta, SD 5779147.8 mi1$160,000$160,000$160,000
57762Nisland, SD 5776251.1 mi2$765,666$299,000$382,833

Frequently Asked Questions

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

As of January 2026, there are 137 active listings in RAPID CITY, SD (zip code 57702), compared to 121 the prior year.

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

The median listing price in RAPID CITY, SD 57702 is $610,000 as of January 2026, a 20.2% increase from $507,425 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 90 days on the market before going under contract, compared to 86 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 January 2026, RAPID CITY, SD 57702 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 90 days on market compared to 86 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 $12,200 compared to a typical 5% commission on the median listing price of $610,000. 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.