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How competitive is the Rapid City housing market?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v264
- Sold Score
- 61/100
- YoY Good Chance of Selling
- Pending ratio
- 0.55
- YoY contracts vs active
- Inventory YoY
- +0.0%
- YoY active listings
- Median DOM
- 45
- YoY days on market
- Price cuts
- 28.1%
- YoY of active listings
Rapid City is competitive as of May 2026, with a Sold Score of 61/100 (Good Chance of Selling).
**Pending ratio** is 0.55 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +4.4% — more choices for buyers than a year ago.
**Median days on market** is 45. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 28.1% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (May 2026): Sold Score: 61/100 (Good Chance of Selling) · Pending ratio: 0.55 · Inventory YoY: +4.4% · Median days on market: 45 · Sellers cutting price: 28.1% · Median listing price: $449,900 (-0.0% YoY)
Rapid City snapshot
As of the latest 2026 data- Median listing
- $450K
- YoY -0.0%
- Active inventory
- 570
- YoY +0.0%
- Median DOM
- 45
- YoY +0.2%
- Pending ratio
- 0.55
- YoY -0.1%
- Price-reduced
- 14.2%
- YoY -0.0%