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Rapid City Market Report

$415,004

AVERAGE PRICE OF 192 HOMES

$1,364,250

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$418,113

AVERAGE PRICE OF 54 NEWLY BUILT HOMES

$896,900

AVERAGE PRICE OF 4 HOMES WITH A POOL

$337,150

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $415,004
Avg Bedrooms 3.35 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $212,300
2 bedrooms $275,930
3 bedrooms $364,872
4 bedrooms $492,020
5 bedrooms $628,781
Rapid City Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 226 257 282 314 307
Average Price $423,705 $476,900 $422,830 $441,677 $442,354
Avg Price Change -12.55% +12.79% -4.46% -0.15% +0.34%
Median Price $368,380 $367,102 $362,333 $372,323 $371,252
Med Price Change +0.35% +1.32% -2.76% +0.29% -0.33%
Avg Bedrooms 3.35 beds 3.38 beds 3.36 beds 3.44 beds 3.44 beds
Avg Bathrooms 2.1 baths 2.12 baths 2.12 baths 2.17 baths 2.15 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 192 $415,004 60 days
Multi-Million Dollar Homes 8 $1,364,250 74 days
Newly Built Homes 54 $418,113 88 days
Homes with a Pool 4 $896,900 45 days
Reduced Price Homes 10 $337,150 52 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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