Rapid City Market Report
$561,000
AVERAGE PRICE OF 78 HOMES$2,029,414
AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES$512,400
AVERAGE PRICE OF 2 NEWLY BUILT HOMES$1,642,450
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $561,000 |
| Avg Bedrooms | 1.36 beds |
| Avg Bathrooms | .82 bath |
Average Price by Bedrooms
| 1 bedroom | $1,000,000 |
| 2 bedrooms | $396,633 |
| 3 bedrooms | $798,800 |
| 4 bedrooms | $1,015,700 |
| 5 bedrooms | $2,916,667 |
Rapid City Home Price Trends
| 5/2025 | 4/2025 | 3/2025 | 2/2025 | 1/2025 | |
|---|---|---|---|---|---|
| Total Listings | 66 | 47 | 43 | 43 | 42 |
| Average Price | $605,835 | $667,080 | $630,761 | $595,778 | $772,771 |
| Avg Price Change | -10.11% | +5.76% | +5.87% | -29.71% | -4.47% |
| Median Price | $225,670 | $304,427 | $203,471 | $206,011 | $213,244 |
| Med Price Change | -34.90% | +49.62% | -1.25% | -3.51% | +5.85% |
| Avg Bedrooms | 1.44 beds | 1.55 beds | 1.41 beds | 1.36 beds | 1.41 beds |
| Avg Bathrooms | .91 bath | 1.03 baths | 1 baths | .97 bath | 1.01 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 78 | $561,000 | 91 days |
| Multi-Million Dollar Homes | 14 | $2,029,414 | 170 days |
| Newly Built Homes | 2 | $512,400 | 18 days |
| Reduced Price Homes | 2 | $1,642,450 | 34 days |
