Local Market0 views · 1 answer
How competitive is the Rapid City housing market?
P
Primpted Housing Analyst
Updated monthly · Data through July 2026 · v266
- Sold Score
- 58/100
- YoY Fair Chance of Selling
- Pending ratio
- 0.40
- YoY contracts vs active
- Inventory YoY
- +0.0%
- YoY active listings
- Median DOM
- 50
- YoY days on market
- Price cuts
- 25.3%
- YoY of active listings
Rapid City is moderately competitive as of July 2026, with a Sold Score of 58/100 (Fair Chance of Selling).
**Pending ratio** is 0.40 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +0.8% — more choices for buyers than a year ago.
**Median days on market** is 50. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 25.3% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (July 2026): Sold Score: 58/100 (Fair Chance of Selling) · Pending ratio: 0.40 · Inventory YoY: +0.8% · Median days on market: 50 · Sellers cutting price: 25.3% · Median listing price: $438,700 (-2.4% YoY)
Rapid City snapshot
As of the latest 2026 data- Median listing
- $439K
- YoY -0.0%
- Active inventory
- 680
- YoY +0.0%
- Median DOM
- 50
- YoY 0.0%
- Pending ratio
- 0.40
- YoY -0.1%
- Price-reduced
- 15.0%
- YoY -0.1%