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Rapid City Market Report

$347,780

AVERAGE PRICE OF 404 HOMES

$1,418,245

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$317,882

AVERAGE PRICE OF 87 NEWLY BUILT HOMES

$312,520

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $347,780
Avg Bedrooms 3.45 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $109,950
2 bedrooms $216,026
3 bedrooms $280,038
4 bedrooms $404,121
5 bedrooms $498,289
Rapid City Home Price Trends
  3/2020 2/2020 1/2020 12/2019 11/2019
Total Listings 387 358 329 359 417
Average Price $343,240 $334,486 $341,972 $334,194 $337,904
Avg Price Change +2.62% -2.24% +2.33% -1.11% +1.56%
Median Price $269,716 $269,274 $271,334 $268,771 $273,640
Med Price Change +0.16% -0.77% +0.95% -1.81% +1.41%
Avg Bedrooms 3.48 beds 3.5 beds 3.47 beds 3.44 beds 3.5 beds
Avg Bathrooms 2.26 baths 2.25 baths 2.25 baths 2.22 baths 2.29 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 404 $347,780 63 days
Multi-Million Dollar Homes 11 $1,418,245 211 days
Newly Built Homes 87 $317,882 79 days
Reduced Price Homes 5 $312,520 68 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
605-484-9013

"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.”