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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

Mar 1, 2026 - May 31, 2026

Median sale price
$345K
+3.2% from Q1 '26
Median list price
$379K
+8.4% from Q1 '26
Active listings
712
+14% from Q1 '26
Homes sold
299
+40% from Q1 '26
New pendings
366
+19% from Q1 '26
New listings
407
+22% from Q1 '26

Quarterly Pricing Trends for Rapid City

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

Quarterly Pricing Trends for Rapid City Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $278K Median sale price in Jul 2021 - Sep 2021: $280K 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: $356K 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 list price in Apr 2021 - Jun 2021: $279K Median list price in Jul 2021 - Sep 2021: $275K Median list price in Oct 2021 - Dec 2021: $295K 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: $327K 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: $337K Median list price in Oct 2025 - Dec 2025: $325K Median list price in Jan 2026 - Mar 2026: $350K Apr 2021 - Jun 2021 Median sale price $278K Median list price $279K Jul 2021 - Sep 2021 Median sale price $280K Median list price $275K Oct 2021 - Dec 2021 Median sale price $295K Median list price $295K 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 $327K 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 $356K 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 $337K Oct 2025 - Dec 2025 Median sale price $340K Median list price $325K Jan 2026 - Mar 2026 Median sale price $334K Median list price $350K
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 (Mar 2026 - May 2026).

Rapid City’s rolling three-month data through May 2026 shows prices easing slightly compared to a year ago while activity picks up. The typical home value is down a bit year over year, yet homes sold have risen nearly 20 percent and pending sales are up more than 12 percent. Inventory has grown about 8 percent from last year, signaling more options for shoppers even as the market still leans toward sellers.

Zooming in on the latest period, the typical home value sits around $345,000 with a median list price near $379,000. Homes are taking a median of 69 days to sell in this rolling window, much slower than a year ago, but months of supply has dropped sharply to about 4.1 months, reinforcing the seller’s market designation. Roughly 15 percent of homes are selling above list price and the average sale-to-list ratio hovers just under 100 percent, suggesting sellers who price well are still achieving near-ask offers.

Underlying demand appears solid, with about 299 homes sold and 366 going under contract in the most recent three-month stretch, supported by 407 new listings coming to market. Compared with the spring of 2024, inventory is higher and buyers have more to choose from, yet sellers still benefit from relatively limited supply. Whether you are buying and trying to navigate the added choices or selling and aiming to maximize your price, Agent Pronto can connect you with a Rapid City agent who knows how to work these conditions to your advantage.



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.

“We had an amazing experience working with Stephanie Woodall. She was professional, knowledgeable, and supportive throughout the entire home-buying process. She was always available to answer our questions, kept us informed every step of the way, and made what could have been a stressful experience feel smooth and easy. Stephanie truly cared about helping us find the right home and went above and beyond to make everything happen. We are so grateful for her dedication, patience, and hard work. We highly recommend Stephanie Woodall to anyone looking to buy or sell a home. Thank you for helping us purchase our dream home! :)”

Diego Ciaramella · Hollywood, FL

Photo of Stephanie  Woodall
Century21 Global Connections Realty
“Can't say enough good things about Todd ,not only is he my friend I believe he is the best broker out there,we went through alot of hurdles and came out on the good side of it ,was with my wife and I all the way,nothing was ever too much trouble and then we were finally able to build our dream house.We would highly advise anyone looking for a home to do yourself a favor and look him up. Thanks Steve and Karen D'Agostino”

Steven Dagostino · Reading, PA

Photo of Todd & Colton Sell
ERA Real Estate PAGODA REALTY
“Charlie is the epitome of professional, extremely thorough, extremely knowledgeable and very friendly. Buying a house with Charlie is like buying a house with a friend or family, it is a true pleasure working with him. If I know anyone looking for a home Charlie is the first name that comes to mind.”

Brian Cech · Myrtle Beach, SC

Photo of Charlie DeMatteo
Century 21 Broadhurst
“Barb has sold many homes and knows St Pete, FL well. We found her knowledge of the area to be very helpful. She's thoughtful, punctual, and thorough. We loved working with her.”

Clay Heck · St. Petersburg, FL

Photo of Barb Deggans
Coldwell Banker St. Pete NE
“Amy Mosley, was an amazing experience from start to finish. She made what could have been a stressful home-buying process feel so much easier by guiding us every step of the way. As first-time homeowners, she took the time to explain all the home-buying basics, answered every question we had, and made sure we felt informed and confident throughout the process of buying our home in Lake Forest, CA. She was incredibly quick to respond whenever we reached out and always kept us updated, which gave us so much peace of mind. When our escrow became unexpectedly long and challenging, she was a strong advocate for us, consistently looking out for our best interests, getting us the best terms and helping us navigate every obstacle. We truly couldn't have asked for a better agent. Her professionalism, knowledge, dedication, and genuine care made all the difference. We are so grateful for everything she did to help us get into our new home and would highly recommend her.”

Tom Lockwood · Lake Forest, CA

Photo of Amy Mosley
Coldwell Banker Realty
“Kevin and Amanda were the BEST Realtors I have ever worked with. First and foremost their communication, professionalism, and follow through were impeccable! They worked with my schedule and went above and beyond to assist me with finalizing the finishing touches on my property to prepare it for the next owner. They even followed up after the sale to ensure all identified items by the buyer were completed to the new owners satisfaction. I would HIGHLY recommend Kevin and Amanda and the Starkey Agency if you want the BEST Realty agency in the Triangle area to represent you through the buying or selling process to ensure an EXCELLENT and SMOOTH experience and return on your investment.”

John Humphreys · Apex, NC

Photo of Sold By Starkey - Compass
Sold By Starkey - Powered by Compass
“Justin did a great job in showing us various places and explaining the processes involved. He was working tirelessly and kept us informed the entire time of the process of procuring a home. The entire process was made possible and conveniently easy in the negotiations and documents prepped by Justin. Great job Justin! Highly recommended! Give Justin a raise at C&C realty! 😉”

Ben Blain · Saskatchewan Beach, SK

Photo of Zurowski&Odishaw
C&C realty
“As a disabled combat veteran and first time home buyer there are certain benefits you receive and not every realtor knows about them or can give you insight on how they work. However Peggy knew it all! Peggy was there whatever hour of the day to answer any questions and guide me through this whole process. Working with Peggy made the whole process smooth, engaging, and uplifting. She knew everything there was to know about benefits, the area, the market, and the property itself she truly was very easy and amazing to work with! Peggy treated me as family throughout the whole process giving me advice and guiding me in the right direction to find the perfect home and I couldn't be happier with my purchase. I would recommend Peggy to anyone who is trying to take the leap in home buying!”

John Gonzalez · Old Bridge, NJ

Photo of Peggy Yanuzzelli
Century 21 Charles Smith Agency
“Shawn is the best! Both him and Dee are great to deal with. They go above and beyond! Would recommend them to anyone looking to buy or sell!”

Dan Salois · Dracut, MA

Photo of  Blades Fixed Fee Realty
Ian Handel Real Estate LLC
“Absolutely love working with Lauren! She protects you as the buyer and ensures that you feel protected and safe and knowledgeable at all times. She will also do her best to get you the information that you need, she is extremely resourceful and highly professional at her job. Thanks again, Lauren for helping me find my home!”

Karli Bull · Pomona, CA

Photo of Lauren Dunn
Century 21 Discovery
“Laura helped me find a suitable lot to build a house on. Viewing multiple properties along with sending me potential options. When we found a lot we liked but had some needed contingencies included in the purchase contract, Laura helped draft the language necessary to feel comfortable moving forward with the offer. We were able to navigate these contingencies with Laura's help and able to close on the property successfully.”

Dustin Pierce · Edgewood, KY

Photo of Laura Zembrodt
Comey and Shepherd
“We have known Judy for several years and always knew we would select her as our realtor when it came time to sell our house. She did an amazing job and we couldn't be happier! As people who believe in planning, we especially appreciated Judy's support as we got ready to put the house on the market. Our conversations regarding the sale of our home took place over many months ensuring that when listing day came we were more than ready. Judy is exceptionally knowledgeable on the northern Virginia market and all of her recommendations were on point. Our house sold in one weekend with multiple competitive offers and we give Judy the credit. She priced the house appropriately and marketed it exceptionally well. While selling a house is never easy, Judy made the process as painless as possible and was there to support us throughout the process. We would highly recommend Judy.”

Christopher and Pamela · Dumfries, VA

Photo of Judy Petrak
Century 21 New Millennium
“Amanda was great! She has great local knowledge and sent us listings that had the cirteria we asked for. Great communication, she answered all of our questions in a timley manner. I would recommend Amanda to anyone.”

John Larson · Camdenton, MO

Photo of Amanda Greenwood
Century 21 Prestige
“Michele has been amazing to work with. She responds to questions very quickly, even late at night. Many times, she would watch my child for short periods of time so I could fully focus on the houses. She was also very punctual with any appointments and showings. Being a first time home buyer, it was really good to have someone that could "hold my hand" and help ease any anxieties. She helped us get our home which I hope we will love for many years. When we do decide to upgrade, we will be reaching out to Michele again. She's a wonderful person to work with.”

Katelyn · Fargo, ND

Photo of Michele Evert
Realty Xperts
“Thank you so much. Being able to view houses within hours being listed made all the difference.”

Chris · Birdsboro, PA

Photo of Anita Leazier
Pagoda Realty
“Working with William Mallory was a real pleasure. From our very first meeting, his professionalism and dedication were front and center. He took the time to truly understand our needs, navigated every step of the process . William is communicative, and a true expert in his field. I would strongly recommend working with William”

Frederic Six · Norfolk, VA

Photo of William Mallory
Iron Valley Real Estate
“Ava from Century 21 was absolutely fantastic to work with. She went above and beyond to help us find the right home and secure a great deal. For over two months, she patiently guided us through the process and never hesitated to travel up to an hour from her office so we could explore homes across the area. Her dedication, professionalism, and genuine care made all the difference. We’re truly grateful for her hard work and highly recommend her to anyone looking for a top‑tier realtor.”

Daniel Artis · New Bern, NC

Photo of Ava LaJoie
Century 21 The Realty Group
“Laurie and Jen were excellant to work with. Kept us informed all thru the sales process. Extremely professional and a great asset to Century 21 and a real pleasure to work with . Plus made the sales process real easy as we were selling a stepmothers house and live in Michigan and Atlantic side of Florida.”

Paul Amell · Hernando, FL

Photo of Laurie Callahan
Century 21 JW Morton Real Estate Inc
“Lee Hurst made selling my Mom's Sand Springs home an absolute breeze. From the very beginning, He provided a clear, data-backed strategy that helped us get top dollar. His communication was excellent. We always knew what was happening with showings and feedback. If you want a stress-free, professional sale, Call Lee Hurst!”

Darin and Brian Johnson · Sand Springs, OK

Photo of Lee Hurst
Chinowth & Cohen, REALTORS®
“Shannon is excellent at her job and we have total faith in her. She is very easy to get along with and listened to any concerns we may have had. We were looking to find a house and she made the process as quick and easy as possible. We would definitely recommend her services to anyone in the market for a house.”

Kevin and Gwen Sheehan · Towanda, PA

Photo of Shannon Clark
Century 21 Jackson Real Estate

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.