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
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Rapid City is exhibiting "Cooling" market conditions, with the pending ratio currently at 0.41. This indicates that demand absorption is moderate relative to available supply, even with a year-over-year increase in pending activity. Inventory remains constrained, with active listings down 3.7% over the past year.
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 · Jul 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.
The metro's inventory currently stands at 706 active listings, representing a 3.7% contraction from the prior year, despite new listings increasing by 9.8% over the same period. The median listing price has experienced a year-over-year decline of 4.2%, settling at $429,950. Properties are spending more time on the market, with median days on market rising 13.0% over the past year to 61 days, while the share of listings with price reductions has also increased by 2.7% year-over-year.
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
With a pending ratio of 0.41, the pace of demand absorption suggests that buyers have greater latitude for negotiation. The moderate inventory contraction does not create significant pressure for rapid transactions. Elevated days on market and an increasing share of price reductions imply that sellers may need to demonstrate greater price discipline to achieve transactions.
The average listing price has risen by 5.8% over the past year to $608,130, while the median listing price has declined by 4.2%. This divergence, with a higher average relative to the median, coupled with a median price per square foot increase of 2.6%, suggests some segmentation, but without explicit top-tier price data, a definitive luxury segment signal is not clearly discernable. No distinct luxury-segment signal in this dataset.
706 active listings represent the current floor, with new supply arriving at roughly 268 per month.
of active listings carry a price reduction, +2.7% from prior period.
Median price per square foot has moved +2.6% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Rapid City, SD? Homes here are taking 7 days longer to sell than last year.
Rapid City, SD is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.
- Buyer Demand Index
- 41%
- Median Days on Market
- 61 days
- Inventory YoY
- −4%
Rapid City, SD is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
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Metro Demographics
ZIPs in Rapid City, SD
57702
rapid city
$595K
155 active · 54 DOM
57701
rapid city
$360K
152 active · 49 DOM
57754
lead
$829K
132 active · 102 DOM
57703
rapid city
$400K
126 active · 72 DOM
57783
spearfish
$730K
94 active · 78 DOM
57719
box elder
$375K
76 active · 85 DOM
57747
hot springs
$410K
72 active · 93 DOM
57785
sturgis
$524K
59 active · 61 DOM
57730
custer
$665K
40 active · 55 DOM
57717
belle fourche
$330K
31 active · 68 DOM
57769
piedmont
$750K
31 active · 92 DOM
57732
deadwood
$455K
24 active · 40 DOM
57745
hill city
$650K
21 active · 64 DOM
57718
black hawk
$540K
20 active · 38 DOM
57735
edgemont
$270K
17 active · 129 DOM
57793
whitewood
$850K
17 active · 92 DOM
57744
hermosa
$612K
16 active · 59 DOM
57751
keystone
$710K
10 active · 68 DOM
Sorted by active inventory · click a ZIP for its full report