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Rapid City Market Report

$313,176

AVERAGE PRICE OF 206 HOMES

$1,598,750

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$313,321

AVERAGE PRICE OF 68 NEWLY BUILT HOMES

$249,900

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $313,176
Avg Bedrooms 3.28 beds
Avg Bathrooms 1.93 baths

Average Price by Bedrooms

1 bedroom $120,000
2 bedrooms $211,348
3 bedrooms $275,990
4 bedrooms $328,937
5 bedrooms $593,121
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 206 $313,176 55 days
Multi-Million Dollar Homes 4 $1,598,750 96 days
Newly Built Homes 68 $313,321 79 days
Reduced Price Homes 1 $249,900 27 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.”
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