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Rapid City Market Report

$407,271

AVERAGE PRICE OF 203 HOMES

$1,332,000

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$406,965

AVERAGE PRICE OF 80 NEWLY BUILT HOMES

$760,580

AVERAGE PRICE OF 5 HOMES WITH A POOL

$365,233

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $407,271
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $212,450
2 bedrooms $279,115
3 bedrooms $359,349
4 bedrooms $490,392
5 bedrooms $598,165
Rapid City Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 192 197 226 257 282
Average Price $412,971 $422,629 $423,705 $476,900 $422,830
Avg Price Change -2.34% -0.25% -12.55% +12.79% -4.46%
Median Price $356,541 $363,291 $368,380 $367,102 $362,333
Med Price Change -1.89% -1.40% +0.35% +1.32% -2.76%
Avg Bedrooms 3.34 beds 3.37 beds 3.35 beds 3.38 beds 3.36 beds
Avg Bathrooms 2.1 baths 2.1 baths 2.1 baths 2.12 baths 2.12 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 203 $407,271 51 days
Multi-Million Dollar Homes 9 $1,332,000 116 days
Newly Built Homes 80 $406,965 59 days
Homes with a Pool 5 $760,580 65 days
Reduced Price Homes 6 $365,233 51 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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