Rapid City, SD
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Rapid City market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Rapid City, SD.
The Rapid City market is experiencing a Cooling phase, characterized by a pending ratio of 0.37. This indicates that demand absorption is moderate relative to available inventory. The median listing price has declined by 4.9% year-over-year, alongside a 2.9% month-over-month decrease.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Sep 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Data not yet available.
Shows whether future inventory pressure may increase.
What's moving the Rapid City market right now.
Inventory dynamics show a mixed trend, with active listings contracting slightly by 1.7% year-over-year, while new listings increased by 7.5% over the same period. The market's absorption rate, reflected in the pending ratio, has seen a 5.0% increase year-over-year from a low base, yet remains below 0.40. Median days on market have extended to 64 days, representing a 9.4% increase year-over-year, suggesting properties are taking longer to find a buyer. Concurrently, the share of price-reduced listings has risen by 2.2% year-over-year to 22.0%, signaling an adjustment in seller expectations.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
In a Cooling environment, the pace of transactions is moderate, with properties generally remaining on the market for an extended duration. The increase in days on market and the share of price reductions suggest that greater price discipline is required from sellers to align with buyer expectations. While inventory contraction is modest, the overall absorption rate implies less urgency in demand, offering buyers more time and potentially more leverage in negotiations.
The average listing price increased by 5.2% year-over-year to $585,657, while the median listing price declined by 4.9% over the same period. This divergence suggests some softness in the higher-priced segments, where average prices are supported but median prices are retracting. The median price per square foot saw a 4.4% year-over-year increase, which indicates some underlying value stability within the core market, but the average-vs-median spread warrants attention for luxury valuations.
724 active listings represent the current floor, with new supply arriving at roughly 228 per month.
of active listings carry a price reduction, +2.2% from prior period.
Median price per square foot has moved +4.4% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Rapid City, SD? Homes here are taking 5 days longer to sell than last year.
Buyers have leverage in Rapid City, SD. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 37%
- Median Days on Market
- 64 days
- Inventory YoY
- −2%
In a buyer's market, strategy beats timing. See how your home scores in Rapid City, SD and what moves the number.
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Metro Demographics
ZIPs in Rapid City, SD
57702
rapid city
$565K
166 active · 51 DOM
57701
rapid city
$349K
166 active · 56 DOM
57703
rapid city
$395K
130 active · 88 DOM
57754
lead
$790K
118 active · 89 DOM
57783
spearfish
$755K
90 active · 83 DOM
57719
box elder
$378K
76 active · 82 DOM
57747
hot springs
$404K
66 active · 104 DOM
57785
sturgis
$487K
57 active · 86 DOM
57730
custer
$650K
41 active · 63 DOM
57717
belle fourche
$352K
25 active · 61 DOM
57718
black hawk
$480K
23 active · 38 DOM
57769
piedmont
$763K
23 active · 80 DOM
57745
hill city
$632K
20 active · 82 DOM
57732
deadwood
$439K
20 active · 62 DOM
57793
whitewood
$842K
14 active · 117 DOM
57744
hermosa
$661K
13 active · 84 DOM
57735
edgemont
$280K
13 active · 148 DOM
57751
keystone
$886K
9 active · 95 DOM
Sorted by active inventory · click a ZIP for its full report