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Rapid City Market Report

$454,428

AVERAGE PRICE OF 264 HOMES

$1,630,250

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$437,170

AVERAGE PRICE OF 74 NEWLY BUILT HOMES

$572,475

AVERAGE PRICE OF 4 HOMES WITH A POOL

$490,700

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $454,428
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $260,600
2 bedrooms $296,876
3 bedrooms $399,039
4 bedrooms $543,378
5 bedrooms $660,634
Rapid City Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 254 227 204 192 197
Average Price $441,558 $418,694 $404,297 $412,971 $422,629
Avg Price Change +5.46% +3.56% -2.15% -2.34% -0.25%
Median Price $365,338 $355,804 $355,550 $356,541 $363,291
Med Price Change +2.68% +0.07% -0.28% -1.89% -1.40%
Avg Bedrooms 3.37 beds 3.31 beds 3.28 beds 3.34 beds 3.37 beds
Avg Bathrooms 2.08 baths 2.06 baths 2.05 baths 2.1 baths 2.1 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 264 $454,428 45 days
Multi-Million Dollar Homes 12 $1,630,250 76 days
Newly Built Homes 74 $437,170 74 days
Homes with a Pool 4 $572,475 88 days
Reduced Price Homes 11 $490,700 29 days
West River Realty, LLC
Ariel Rudland
1770 Centre St #7
Rapid City, SD 57703
605-786-4816

"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 Ariel Rudland - West River Realty, LLC 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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