If you need assistance, please call 605-390-0137

Rapid City Market Report

$494,828

AVERAGE PRICE OF 488 HOMES

$1,634,286

AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES

$489,403

AVERAGE PRICE OF 115 NEWLY BUILT HOMES

$1,154,999

AVERAGE PRICE OF 7 HOMES WITH A POOL

$313,939

AVERAGE PRICE OF 25 REDUCED PRICE HOMES

$234,499

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $494,828
Avg Bedrooms 3.4 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $215,000
2 bedrooms $295,407
3 bedrooms $438,139
4 bedrooms $572,895
5 bedrooms $845,339
Rapid City Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 426 403 405 421 447
Average Price $478,736 $489,284 $480,150 $499,834 $491,554
Avg Price Change -2.20% +1.90% -4.10% +1.68% +0.11%
Median Price $366,420 $370,045 $365,147 $374,626 $374,790
Med Price Change -0.99% +1.34% -2.60% -0.04% +1.03%
Avg Bedrooms 3.41 beds 3.45 beds 3.5 beds 3.48 beds 3.45 beds
Avg Bathrooms 2.17 baths 2.2 baths 2.21 baths 2.2 baths 2.18 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 488 $494,828 60 days
Multi-Million Dollar Homes 38 $1,634,286 109 days
Newly Built Homes 115 $489,403 93 days
Homes with a Pool 7 $1,154,999 73 days
Reduced Price Homes 25 $313,939 43 days
Distressed Homes 2 $234,499 71 days
Keller Williams Realty - Black Hills
Suzanne White
2401 West Main Street
Rapid City, SD 57702
605-390-0137

"The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed". “The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Suzanne White - Keller Williams Realty - Black Hills are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” “Listing broker(s) has attempted to offer accurate data, but buyers are advised to confirm all items.” “Copyright 2017 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.”
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