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Rapid City Market Report

$484,179

AVERAGE PRICE OF 308 HOMES

$1,519,396

AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES

$440,503

AVERAGE PRICE OF 76 NEWLY BUILT HOMES

$729,160

AVERAGE PRICE OF 5 HOMES WITH A POOL

$350,693

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $484,179
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $192,766
2 bedrooms $284,292
3 bedrooms $463,115
4 bedrooms $543,562
5 bedrooms $721,130
Rapid City Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 298 303 289 254 227
Average Price $496,674 $436,355 $444,342 $441,558 $418,694
Avg Price Change +13.82% -1.83% +0.63% +5.46% +3.56%
Median Price $369,816 $363,691 $375,278 $365,338 $355,804
Med Price Change +1.68% -3.19% +2.72% +2.68% +0.07%
Avg Bedrooms 3.34 beds 3.29 beds 3.35 beds 3.37 beds 3.31 beds
Avg Bathrooms 2.1 baths 2.05 baths 2.09 baths 2.08 baths 2.06 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 308 $484,179 56 days
Multi-Million Dollar Homes 25 $1,519,396 69 days
Newly Built Homes 76 $440,503 95 days
Homes with a Pool 5 $729,160 83 days
Reduced Price Homes 15 $350,693 41 days
RE/MAX ADVANTAGE
This Site Is A Group Of Select Agents At RE/MAX Advantage
1331 Omaha St Ste. 200
Rapid City, SD 57701
605-431-2607
605-431-2323

"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 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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