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  • Rapid City Market Report

    $314,373

    AVERAGE PRICE OF 208 HOMES

    $1,598,750

    AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

    $314,739

    AVERAGE PRICE OF 70 NEWLY BUILT HOMES

    $142,500

    AVERAGE PRICE OF 2 REDUCED PRICE HOMES

    Average Home

    Average Price $314,373
    Avg Bedrooms 3.29 beds
    Avg Bathrooms 1.94 baths

    Average Price by Bedrooms

    1 bedroom $120,000
    2 bedrooms $210,795
    3 bedrooms $279,944
    4 bedrooms $327,023
    5 bedrooms $592,384
    Rapid City Home Price Trends
      12/2020 11/2020 10/2020 9/2020 8/2020
    Total Listings 230 268 317 364 386
    Average Price $352,737 $355,443 $379,108 $352,199 $335,022
    Avg Price Change -0.77% -6.66% +7.64% +5.13% +0.08%
    Median Price $260,651 $261,858 $263,503 $266,031 $264,850
    Med Price Change -0.46% -0.63% -0.96% +0.45% -1.10%
    Avg Bedrooms 3.4 beds 3.45 beds 3.47 beds 3.46 beds 3.41 beds
    Avg Bathrooms 2.04 baths 2.16 baths 2.22 baths 2.22 baths 2.17 baths
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 208 $314,373 54 days
    Multi-Million Dollar Homes 4 $1,598,750 97 days
    Newly Built Homes 70 $314,739 78 days
    Reduced Price Homes 2 $142,500 19 days