Market Intelligence Report — SD-660
Rapid City, SD
Monthly housing intelligence, market trends, and trusted local expertise.
Ref. No: 2026-SD-05
Updated: May 2026
Updated: May 2026
Median Listing
$450K
-0.0% YOY
Pending Ratio
0.55
-8.7% YOY
Active Inventory
570
+4.4% YOY
Median DOM
45 Days
+20.0% YOY
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Market Signals & Indicators
Supply Dynamics
570 active listings represent the current floor, with new supply arriving at roughly 248 per month.
Pricing Pressure
14.2%
of active listings carry a price reduction, -0.7% from prior period.
$/Sq Ft
$0K
Median price per square foot has moved +8.6% year-over-year.
Absorption
0.55
Pending-to-active ratio — supply and demand dynamics are mixed.
Metro Demographics
Metro Area
Rapid City, SD
CBSA Code
39660
State
SD