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Rapid City real estate Market Report.

Information and statistics on the latest trends in the Rapid City real estate market. *

Latest Rolling 3-Month Snapshot

Jul 1, 2026 - Sep 30, 2026

Median sale price
$370K
+4.2% from Q2 '26
Median list price
$361K
-6.2% from Q2 '26
Active listings
762
+1.7% from Q2 '26
Homes sold
291
-11% from Q2 '26
New pendings
396
+16% from Q2 '26
New listings
389
No change from Q2 '26

Quarterly Pricing Trends for Rapid City

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Rapid City Q4 '21 Q4 '22 Q4 '23 Q4 '24 Q4 '25 Q3 '26 Median sale price in Oct 2021 - Dec 2021: $295K Median sale price in Jan 2022 - Mar 2022: $300K Median sale price in Apr 2022 - Jun 2022: $322K Median sale price in Jul 2022 - Sep 2022: $329K Median sale price in Oct 2022 - Dec 2022: $310K Median sale price in Jan 2023 - Mar 2023: $312K Median sale price in Apr 2023 - Jun 2023: $330K Median sale price in Jul 2023 - Sep 2023: $334K Median sale price in Oct 2023 - Dec 2023: $330K Median sale price in Jan 2024 - Mar 2024: $325K Median sale price in Apr 2024 - Jun 2024: $350K Median sale price in Jul 2024 - Sep 2024: $354K Median sale price in Oct 2024 - Dec 2024: $345K Median sale price in Jan 2025 - Mar 2025: $342K Median sale price in Apr 2025 - Jun 2025: $350K Median sale price in Jul 2025 - Sep 2025: $359K Median sale price in Oct 2025 - Dec 2025: $340K Median sale price in Jan 2026 - Mar 2026: $334K Median sale price in Apr 2026 - Jun 2026: $355K Median sale price in Jul 2026 - Sep 2026: $370K Median list price in Oct 2021 - Dec 2021: $296K Median list price in Jan 2022 - Mar 2022: $300K Median list price in Apr 2022 - Jun 2022: $329K Median list price in Jul 2022 - Sep 2022: $330K Median list price in Oct 2022 - Dec 2022: $318K Median list price in Jan 2023 - Mar 2023: $323K Median list price in Apr 2023 - Jun 2023: $340K Median list price in Jul 2023 - Sep 2023: $345K Median list price in Oct 2023 - Dec 2023: $328K Median list price in Jan 2024 - Mar 2024: $349K Median list price in Apr 2024 - Jun 2024: $375K Median list price in Jul 2024 - Sep 2024: $350K Median list price in Oct 2024 - Dec 2024: $335K Median list price in Jan 2025 - Mar 2025: $375K Median list price in Apr 2025 - Jun 2025: $380K Median list price in Jul 2025 - Sep 2025: $336K Median list price in Oct 2025 - Dec 2025: $325K Median list price in Jan 2026 - Mar 2026: $350K Median list price in Apr 2026 - Jun 2026: $385K Median list price in Jul 2026 - Sep 2026: $361K Oct 2021 - Dec 2021 Median sale price $295K Median list price $296K Jan 2022 - Mar 2022 Median sale price $300K Median list price $300K Apr 2022 - Jun 2022 Median sale price $322K Median list price $329K Jul 2022 - Sep 2022 Median sale price $329K Median list price $330K Oct 2022 - Dec 2022 Median sale price $310K Median list price $318K Jan 2023 - Mar 2023 Median sale price $312K Median list price $323K Apr 2023 - Jun 2023 Median sale price $330K Median list price $340K Jul 2023 - Sep 2023 Median sale price $334K Median list price $345K Oct 2023 - Dec 2023 Median sale price $330K Median list price $328K Jan 2024 - Mar 2024 Median sale price $325K Median list price $349K Apr 2024 - Jun 2024 Median sale price $350K Median list price $375K Jul 2024 - Sep 2024 Median sale price $354K Median list price $350K Oct 2024 - Dec 2024 Median sale price $345K Median list price $335K Jan 2025 - Mar 2025 Median sale price $342K Median list price $375K Apr 2025 - Jun 2025 Median sale price $350K Median list price $380K Jul 2025 - Sep 2025 Median sale price $359K Median list price $336K Oct 2025 - Dec 2025 Median sale price $340K Median list price $325K Jan 2026 - Mar 2026 Median sale price $334K Median list price $350K Apr 2026 - Jun 2026 Median sale price $355K Median list price $385K Jul 2026 - Sep 2026 Median sale price $370K Median list price $361K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
19
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 (Jul 2026 - Sep 2026).

Rapid City’s housing market has shifted upward over the past year in this rolling three-month view. Typical home values are up a few percent year over year, and median list prices have risen more strongly, indicating sellers are testing higher price points. Buyer activity has also strengthened, with homes sold rising nearly 15 percent and pending sales jumping by more than a third compared with a year ago.

In the latest period ending in September 2026, the typical home value is about $370,000, while the median list price sits slightly lower at around $361,000. Homes are spending about 61 days on the market, which is roughly two weeks faster than a year earlier, signaling that well-priced properties are still finding buyers relatively quickly.

Inventory has inched up, with active listings just over 760 and new listings up more than 13 percent year over year, giving shoppers more options than last fall. Even with more choices, supply is still limited, at under four months of inventory, and about 22 percent of homes are selling above list price, with sale-to-list ratios near 98 percent. With Rapid City classified as a seller’s market, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these conditions and can guide them through their next move.



Learn more about what Rapid City has to offer.

Rapid City offers residents a vibrant blend of outdoor recreation, arts and culture, and a tight-knit community, supported by practical amenities and opportunities that together elevate everyday life.

Rapid City stands apart from nearby Black Hills communities by pairing a historic downtown and strong arts scene with true year round amenities and services. Residents enjoy quick access to Dinosaur Park and Skyline Drive, while the shops, galleries, and restaurants along Main Street Square and St. Joseph Street give the city an urban core that feels active yet approachable.

Families appreciate the range of options in the Rapid City Area Schools system, as well as local institutions such as the Journey Museum and Learning Center and the public programs at the Rapid City Public Library. Outdoor enthusiasts find it easy to reach Canyon Lake Park, the bike path along Rapid Creek, and trailheads that lead into the Black Hills and toward Mount Rushmore and Custer County.

Within the city, established neighborhoods near Downtown Rapid City offer older homes with character, while newer developments on the south and northwest sides attract buyers looking for more space and modern layouts. Proximity to Pennington County services, regional healthcare, and employers creates a market where both inventory and pricing can shift quickly.

In a community that balances small city familiarity with regional influence, timing and preparation matter. Whether you are planning to buy your first home or list a long term residence, the right local agent through Agent Pronto can help you read the market, prepare strategically, and move with confidence.

Find your Rapid City real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Would definitely recommend!”

Israel Mares · Burleson, TX

Photo of The Sarah Padgett Team
Century 21 Judge Fite Company
“She made this experience a lot of fun and we ended up with the perfect house for us.”

Becky Hammond · Laurel, MS

Photo of Marianne Papapostolou
Century 21 Alliance
“Kristine Samples was helpful every step the way, from the listing to the closing. I would recommend her to family and friends.”

Susan Fullen · Emory, TX

Photo of Kristine Samples
Lone Star Realty
“Bill Lump made the entire home buying process much easier and was always quick to answer our questions.”

Joe C. · Nashville, NC

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Pink Flamingo Realty LLC
“Great guidance and attention to all details that mattered from beginning to End. Couldn't of done it without you. Thanks you!!!”

Mihai David · Fillmore, CA

Photo of Melissa Hunter
eXP Realty
“Had my closing done in 4 days. Made the process easy and quick.”

William Shimer · Myrtle Beach, SC

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Century 21 McAlpine & Associates
“Tanisha is a pleasure doing business with you, always available for any questions and open to solve problems, the best possible way. Will continue for sure using your services as your expertise is highly appreciated. Thanks for your kind assistance.”

Graciela Canclini · Spartanburg, SC

Photo of Tanisha Owens
eXp Realty
“David Dorman is an exceptional realtor, and we cannot recommend him highly enough! From start to finish, his professionalism, market knowledge, and dedication were outstanding. His team’s marketing exceeded our expectations, from the beautifully produced video showcasing our home to the impressive listing presentation. Every detail was handled with care and expertise. What truly set David apart, however, was his remarkable negotiating ability. His skill in communicating and working with the other agent, advocating for our best interests, and navigating the process was invaluable. He demonstrated confidence, experience, and genuine commitment every step of the way. Selling a home can be stressful, but having David on our side made all the difference. We are incredibly grateful for his hard work and the exceptional service we received. If you’re looking for a realtor who truly knows his business and delivers results, David Dorman is the one!”

Carla Hiatt · Minneola, FL

Photo of David Dorman
Century 21 Carioti
“Working with April was a very pleasant experience from beginning to very satisfactory sale. Her knowledge and professionalism were impressive, and April got us more for our property than we expected, which was wonderful! Friendly, expert and easy to work with. Highly recommended.”

Marc Couacaud · Santa Maria, CA

Photo of April Manzella-Hugh
Century 21 Hometown Realty
“Michelle helped us purchase our property & then helped us sell it again when it was time. The experience was great both times! I would not use anyone else.”

David Stark · Marysville, CA

Photo of Michelle Franzen
Century 21 Select
“As a first time home buyer I knew nothing about how to get started, Braden walked me through first steps, very knowledgeable about everything to be expected. Finding the home in my price range was little difficult but Braden was able to help me find my home. I believe after showing me the 3rd home I knew it was for me, it felt like home soon as I walked in the door. I did not hesitate about saying let's make an offer, Braden put offer in on the house that day and little over 30 days I had my keys in hand ready to move into my new home. I was excited, happy and blessed with all of Braden's hard work to ALL of my team at Veterans United. I will definitely use Braden again. Thank you So much Braden”

Charlotte Minks · Mexico, MO

Photo of Braden McMahill
Century 21 Community
“Carl is the number one real estate in Mississippi”

Neil Clark · Gulfport, MS

Photo of Carl Watson
Century 21 Busch Realty Group
“Emidio has been absolutely amazing to work with! He is always willing to go above and beyond to help, answer any questions, and make sure everything is clearly explained. Since English is my second language, I truly appreciate his patience and the extra effort he makes to explain things in a way that is easy for me to understand. He always takes the time to make sure I feel comfortable, informed, and supported. His professionalism, kindness, patience, and dedication truly make a difference. It is clear that he genuinely cares about helping people and providing excellent service. I am very grateful for all his help and would highly recommend him to anyone looking for someone who is knowledgeable, reliable, and truly committed to going the extra mile!”

Criss Palau · Saint Cloud, FL

Photo of Century 21 Homs Realty Team
Century 21 Homs Realty
“Jon was very helpful with everything this was my first time purchasing a home and he made it very smooth!!”

Tanner McGeehon · Oquawka, IL

Photo of Jon Salvador
Century 21
“⭐⭐⭐⭐⭐ ¡Una experiencia maravillosa con Valentina! Quiero expresar nuestro más sincero agradecimiento a Valentina por habernos acompañado en uno de los momentos más importantes y especiales de nuestras vidas: ¡la compra de nuestra casa! Desde el primer día, Valentina estuvo siempre pendiente de nosotros, escuchando nuestras necesidades, tomando en cuenta lo que realmente buscábamos y ayudándonos a encontrar la mejor opción para nuestra familia. Tuvo muchísima paciencia con todas nuestras preguntas, siempre estuvo dispuesta a orientarnos y se aseguró de que nos sintiéramos acompañados y apoyados durante todo el proceso. Algo que valoramos muchísimo fue que no solo nos ayudó con la búsqueda y compra de nuestra casa, sino que también nos conectó con las personas adecuadas para ayudarnos en las diferentes etapas del proceso. Su compromiso, dedicación y atención a cada detalle fueron realmente excepcionales. ¡Estuvo con nosotros hasta el mismo día del cierre, siempre atenta y dispuesta a”

Liliana Sossa · Tampa, FL

Photo of Valentina Moreno
Century 21 Circle
“We have worked with Mallori before and wouldnt have it any other way. She is amazing at her job and goes above and beyond for her clients. Looking forward to working with her again in the future!”

Isabella Bradstreet · Sioux City, IA

Photo of Hoffert Homes Group
Century 21 ProLink
“At a time when condominums were not as high in demand as before, Bill accurately estbalished an asking price that piqued the interest of buyers and enticed them to make offers. All this occurred within days of the property hitting the market. Bill also provided sound guidnace as I evaluated if I should make a counter offer and if I should accept what was proposed by the buyer. I would use Bill again if buying or selling a property.”

RGD · Lynnwood, WA

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CENTURY 21 Real Estate Center
“So happy with her performance. Treated us like family and held a professional lead through the entire process. Would definitely recommend her to others. Thank you again for everything Naomi we couldn't be happier with you.”

Craig Turner · Bismarck, ND

Photo of Naomi Keney
Century 21 Morrison Realty
“I had the pleasure of connecting with Sheri a few years ago when she inquired about one of my listings, and more recently, we reconnected through BOLD. She has always been professional, personable, and a pleasure to communicate with. I appreciate her positive attitude and dedication to her profession!”

Albert Surabian · Worcester, MA

Photo of Sheri Barrette
Media Realty, LLC
“Joshua was fantastic to work with. Professional, attentive, honest, and always willing to go the extra mile. He really knows his stuff and made me feel confident throughout the entire process. He even humored my requests to look at houses we both probably knew were a no-go without giving me a hard time! I couldn’t have asked for a better realtor and highly recommend him!”

Kelly Oster Barraza · Vacaville, CA

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RE/MAX Gold

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 Rapid City. 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.