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Pennington County, SD real estate

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Pennington County real estate Market Report.

Information and statistics on the latest trends in the Pennington County real estate market. *

Latest Monthly Snapshot

August 2026

Median sale price
$380K
+1.2% from Jul '26
Median list price
$374K
+1.9% from Jul '26
Active listings
840
+1.4% from Jul '26
Homes sold
142
-11% from Jul '26
New pendings
229
-5% from Jul '26
New listings
173
-18% from Jul '26

Monthly Pricing Trends for Pennington County

Monthly data for the latest available year.

Monthly Pricing Trends for Pennington County Sep '25 Nov '25 Jan '26 Mar '26 May '26 Jul '26 Aug '26 Median sale price in September 2025: $363K Median sale price in October 2025: $350K Median sale price in November 2025: $367K Median sale price in December 2025: $350K Median sale price in January 2026: $362K Median sale price in February 2026: $337K Median sale price in March 2026: $343K Median sale price in April 2026: $356K Median sale price in May 2026: $365K Median sale price in June 2026: $380K Median sale price in July 2026: $375K Median sale price in August 2026: $380K Median list price in September 2025: $355K Median list price in October 2025: $350K Median list price in November 2025: $350K Median list price in December 2025: $330K Median list price in January 2026: $351K Median list price in February 2026: $330K Median list price in March 2026: $375K Median list price in April 2026: $399K Median list price in May 2026: $385K Median list price in June 2026: $380K Median list price in July 2026: $367K Median list price in August 2026: $374K September 2025 Median sale price $363K Median list price $355K October 2025 Median sale price $350K Median list price $350K November 2025 Median sale price $367K Median list price $350K December 2025 Median sale price $350K Median list price $330K January 2026 Median sale price $362K Median list price $351K February 2026 Median sale price $337K Median list price $330K March 2026 Median sale price $343K Median list price $375K April 2026 Median sale price $356K Median list price $399K May 2026 Median sale price $365K Median list price $385K June 2026 Median sale price $380K Median list price $380K July 2026 Median sale price $375K Median list price $367K August 2026 Median sale price $380K Median list price $374K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
37
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Aug 2026).

Pennington County currently leans toward a seller’s market, with a market gauge of 37. Months of supply has tightened to 4.2, down sharply from a year ago. Homes are also selling faster, with median days on market dropping to 56, about three weeks quicker than last year.

Prices have been edging up, with the typical home value rising about 5 percent year over year and the median list price climbing nearly 7 percent. Even so, the average sale-to-list ratio sits just under 100 percent, and only about 22 percent of recent sales closed above the asking price, suggesting buyers still have some room to negotiate.

Listing and sales activity is mixed. Active inventory is slightly lower than last year, while homes sold have dipped, but pending sales have surged by more than 40 percent year over year, pointing to stronger buyer engagement in the pipeline. Compared with South Dakota overall, Pennington County’s home values run higher and its supply is a touch tighter, which can create more pressure on motivated buyers. Whether you are planning to buy or to sell, Agent Pronto can connect you with a local agent who knows how to navigate these conditions for your goals.



Learn more about what Pennington County has to offer.

Pennington County offers residents a vibrant mix of outdoor recreation, strong community services, and growing opportunities in education, healthcare, and local culture within a scenic, welcoming landscape.

Pennington County stands out from nearby prairie communities with its rare mix of Black Hills wilderness, urban convenience in Rapid City, and easy access to national landmarks. Residents enjoy quick trips to Badlands National Park and Mount Rushmore National Memorial, yet still have everyday amenities, schools, and employers within a short drive.

Rapid City anchors the county with a historic downtown, local galleries, and dining along Main and St. Joseph Streets. Families appreciate resources like Rapid City Area Schools and the learning opportunities at The Journey Museum and Learning Center. Outdoor enthusiasts head to Pactola Reservoir for boating or connect with the Mickelson Trail for biking and hiking through the pines.

Smaller communities such as Box Elder and Wall offer a quieter lifestyle while remaining close to regional employers, including Ellsworth Air Force Base. Many residents commute into Rapid City yet value the strong sense of community, local festivals, and year round recreation.

Whether you are planning to relocate to Pennington County or considering a move within the area, timing and preparation are key. Market conditions can shift quickly between rural properties and in town neighborhoods, so having the right guidance matters. Agent Pronto connects buyers and sellers with experienced local agents who understand each community and can help you move at the right moment.

Find your Pennington County real estate agent today →


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“It's a pleasure to work with Alexei Klimenko! He is knowledgeable, attentive to every detail, and always on top of things. On top of that, he's friendly and easy to work with. I highly recommend him!”

Veronika · Los Alamos, NM

Photo of Alexei Klimenko
Exit Realty Advantage NM
“We first worked with Sivage Sivagumaran, CPA, Broker at RE/MAX Crossroads Realty Inc. about five years ago, and once again he proved why we trust him so much. In mid-June, we were considering a private exclusive luxury home on Bowan Court in Bayview Woods-Steeles, Toronto, and needed independent advice. Even though Sivage was not part of the transaction and was not receiving any commission, he spent countless hours preparing a proper CMA, explaining fair market value, risks, and the numbers clearly. He also guided us through a difficult pre-construction situation outside the GTA where we were facing a major financial loss. His CPA background helped us understand capital loss considerations and possible planning options with calm, practical guidance. Sivage is honest, knowledgeable, responsive, and truly cares beyond the transaction. We highly recommend him to anyone buying, selling, leasing, investing, or needing trusted real estate advice in Toronto and the GTA.”

Jon Ru · Toronto, ON

Photo of Sivage Sivagumaran
RE/MAX Crossroads Realty Inc.
“Mr. Alberto went above and beyond marketing and selling my house, he walked me through the entire process with patience and care. He explain the contracts clearly , fought for a good price during negotiations and made me feel like a Priorily . we couldn't have done it without him. Selling ou home Agent Alberto was a fantastic experenice, his market knowledges help price the house right which sold in days. He kept me updated on a daily basis. The open house he handle with grace and expertise. If anyone out there need to SALE or Buy property make that call to Alberto Sanchez , Century 21 All Stars, you will be thanking me. Alberto was everything we needed and wanted in order to sell our home.”

Joyce Allen Sanchez · Carson, CA

Photo of Albert Sanchez
Century 21 A Better Service Realty
“Farrah was always prompt in responding to our inquiries, provided excellent advice, listened to and understood our needs., taught us much and was overall a pleasure to work with. We are greatly appreciative of her knowledge and professionalism.”

Peggy Brunsdon · Regina, SK

Photo of Farrah Falconer
eXp Realty
“Michelle is very knowledgeable. We appreciate that she met with us at our home to ask questions, inspect the property, and give us reasonable advice on things to do or not to make our property stand out. Since we had not sold a home in over 26 years, we relied heavily on her expertise. We believe she gave us good advice and the sale went smoothly. We enjoyed working with Michelle.”

Lisa Mallinson · Winterville, NC

Photo of Michelle Lones
Century 21 The Realty Group
“We had no prior knowledge of the area, and Charlie went above and beyond in showing us around and giving us all the necessary information needed. His honesty is unmatched! Charlie was extremely accommodating in making appointments for showings. We were very comfortable and trusting of his knowledge. He didn't steer is wrong. We found a place and Charlie was available for all types of questions we had and kept us informed of every step needed to take. We highly recommend Charlie DeMatteo for all your real estate needs!”

Missy · Pawleys Island, SC

Photo of Charlie DeMatteo
Century 21 Broadhurst
“Jeff was fast to assist in this sale. He was very straight forward. I am very pleased”

Mary Duncan · Norwood Young America, MN

Photo of Jeff Schulz Team
RE/MAX Advantage Plus
“Kristi was very helpful working with the seller to keep things on track as we approached the closing date. She worked well the realtor, with Mungo Homes, as well as the construction manager to address any concerns we had. We were especially appreciative with her attention to detail as she found multiple things in our newly built home that needed addressed before we closed. Overall we were very happy with her services as our realtor.”

David Athey · Easley, SC

Photo of The Wonderland Land Team
eXp Realty LLC SC
“Working with Eric was truly a wonderful experience! From beginning to end, he made us feel comfortable, informed, and confident throughout the entire process. We genuinely appreciated his patience, professionalism, and dedication to making sure everything went smoothly. What stood out most was how much he cared about our needs and made us feel like more than just clients. We are so grateful for his guidance and support and would gladly recommend him to family and friends!”

Kayla Miles · Jackson, MI

Photo of Eric Ropp
Century 21 C21 Affiliated Jackson
“Michael is very quick to respond when asked a question and is very knowledgeable in his field. He is flexible with his time and is accommodating.”

Hunter Ludington · Clinton, IL

Photo of Mike & Josh
eXp Realty
“I actually began working w/Kevin regarding the sale of my home four years before I listed it with him. Kevin was great about contacting me & staying in touch - on my schedule - during those four years. There was never any pressure. When the time came he came back to the house and re-evaluated my situation, consulted w/me & advised. When it came time to list, Kevin was patient & always tolerant of my questions & needs. He was immediately responsive to every phone call I made. One of the things I appreciated was Kevin's handling of negotiations. Although he received an offer within two days of my house being listed, he didn't contact me until it was sound and secure, until he could present a good offer. This saved me from days and nights of nervous anticipation. This purchase agreement came five days after the listing activation. He has built a competent and seasoned team that takes clients from signing the listing agreement to closing. Highly recommend!”

Jane Alford · Murrells Inlet, SC

Photo of Kevin Mills
Century 21 Barefoot Realty
“my Wife and I were very happy to dealt with Nicole.”

Gerald Fabre · Thiells, NY

Photo of Nicole Isaacs
Century 21 Full Service Realty
“Kyle did a wonderful job for my family. My first time selling a home and he answered every question I threw at him with no hesitation. I never give anyone a 10 because they can always be perfect. I would definitely reach out to Klye again when I sell my home in the future.”

Patricia Bloom · Milwaukee, WI

Photo of Kyle Ristow
Forward Realty Partners
“Marty is a true blue professional with heart! He made the entire process easier and made sure that I was taken care of. I cannot express how grateful I am for Marty. There's so much to include here from staging the home, landscaping, cleaning, and he made sure I knew I was important, he exceeded ever expectation I had. He is now a lifelong friend❣️”

Jacqueline Shulick · Livonia, MI

Photo of Marty Hill
Keller Williams KW Showcase Realty
“Danielle was so professional throughout this whole contract period. She was on top of everything anytime something that would come up or need to be done. She was right there. I would highly recommend her! Very pleasant to work with. Would do business again with her in a heartbeat, if the need arises. A big thank you goes out to her and her staff.”

Mike Washam · Marionville, MO

Photo of Danielle Schmidt
eXp Realty
“My property was an odd sale with a large parcel of land with two houses. One house needed considerable work. Carl kept my spirits up the whole time telling me that right person would come along. They did!! He was always in contact with me and was pushing my property out there. Pure professionalism. I would recommend that if you're looking to sell your house, go to Carl because he'll get it done for you”

Carol Martindell · Pass Christian, MS

Photo of Carl Watson
Century 21 Busch Realty Group
“Mr. Hix displays the honesty which some other agents don't.”

John Spencer · Galesburg, IL

Photo of Bradley Hix
Century 21 Affiliated
“Lauren shows great customer service and communication skills. Proffessional and Energetic would describe her and Not a pushover, Is what I would Say. We look forward to working with her in the future.”

Aaron · Woodland, WA

Photo of Lauren Matthews
Premiere Property Group, LLC
“Debra went above and beyond to help me through this process. I felt comfortable from the very beginning. Wonderful experience.”

William Botkin · Hammond, IN

Photo of Debra Hull
Brokerworks Real Estate Group
“Jenny was awesome to work with. She made it super easy for me to purchase my new home and even easier for me when she put up my house for sale. She walked me through everything explaining the process. This was my first home I've sold, so I really didn't know much about how everything works. From start to finish she was very accessible to me and worked hard at making sure all my needs were met and questions answered. I appreciate all her hard work and her professionalism. She was a pleasure to work with and I would definitely use her again and refer her to anyone looking for a realtor!”

Demetra Stefanidis · Columbus, OH

Photo of Bertagna Group
Coldwell Banker Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Pennington County. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.