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RAPID CITY, SD 57703

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The RAPID CITY, SD real estate market (57703) currently shows 157 active listings, with 43 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 47 days on market compared to 46 days last year.

The median listing price has fallen 6.9% year-over-year, from $423,750 to $394,500.

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: 16,951  ·  Density: 50.4/mi²  ·  Median household income: $76,363

Typical home value: $226,277  ·  Homeownership: 83.5%

Market Overview

Active Listings
157
⇩ 1.9% vs 160 last year
Pending
43
27% pending ratio
Median Price
$394,500
⇩ 6.9% vs $423,750 last year
Average Price
$438,729
⇩ 7.7% vs $475,147 last year
Days on Market
47
⇧ 2.2% vs 46 days last year

Price Per Square Foot

Median $/sqft
$272
⇧ 5.8% vs $257/sqft last year
Median Home Size
1,688 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 157 this year vs 160 last year
  • Days on market: 47 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $394,500 (-6.9% YoY)
  • Average: $438,729 (-7.7% 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 58.7 miles — 322 listings ($168,854,141 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57703Rapid City, SD 577030.0 mi120$49,397,160$377,788$411,643
57725Caputa, SD 5772512.9 mi2$829,000$414,500$414,500
57719Box Elder, SD 5771916.0 mi76$31,192,072$383,674$410,422
57718Black Hawk, SD 5771820.1 mi28$15,850,688$485,700$566,096
57769Piedmont, SD 5776920.7 mi26$16,774,264$618,744$645,164
57759Nemo, SD 5775929.3 mi3$1,990,500$663,500$663,500
57791Wasta, SD 5779133.2 mi1$160,000$160,000$160,000
57730Custer, SD 5773035.2 mi38$34,816,360$805,500$916,220
57790Wall, SD 5779042.2 mi5$1,299,835$245,000$259,967
57793Whitewood, SD 5779344.3 mi18$11,856,762$421,000$658,709
57766Oral, SD 5776645.1 mi1$379,000$379,000$379,000
82715Four Corners, WY 8271553.9 mi3$4,074,000$1,200,000$1,358,000
57762Nisland, SD 5776258.7 mi1$234,500$234,500$234,500

Frequently Asked Questions

How many homes are for sale in RAPID CITY, SD 57703?

As of June 2026, there are 157 active listings in RAPID CITY, SD (zip code 57703), compared to 160 the prior year.

What is the median home price in RAPID CITY, SD 57703?

The median listing price in RAPID CITY, SD 57703 is $394,500 as of June 2026, a 6.9% decrease from $423,750 the prior year.

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

Homes in RAPID CITY, SD 57703 spend an average of 47 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in RAPID CITY, SD 57703?

Based on current inventory and days-on-market data as of June 2026, RAPID CITY, SD 57703 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 47 days on market compared to 46 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 57703 save an estimated $7,890 compared to a typical 5% commission on the median listing price of $394,500. 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.