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Rapid Valley real estate Market Report.

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

Latest Rolling 3-Month Snapshot

Apr 1, 2026 - Jun 30, 2026

Median sale price
$319K
-5.2% from Q1 '26
Median list price
$324K
+4.7% from Q1 '26
Active listings
53
+36% from Q1 '26
Homes sold
31
+72% from Q1 '26
New pendings
30
+25% from Q1 '26
New listings
34
+70% from Q1 '26

Quarterly Pricing Trends for Rapid Valley

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

Quarterly Pricing Trends for Rapid Valley Q3 '21 Q3 '22 Q3 '23 Q3 '24 Q3 '25 Q2 '26 Median sale price in Jul 2021 - Sep 2021: $290K Median sale price in Oct 2021 - Dec 2021: $268K Median sale price in Jan 2022 - Mar 2022: $292K Median sale price in Apr 2022 - Jun 2022: $330K Median sale price in Jul 2022 - Sep 2022: $294K Median sale price in Oct 2022 - Dec 2022: $357K Median sale price in Jan 2023 - Mar 2023: $292K Median sale price in Apr 2023 - Jun 2023: $280K Median sale price in Jul 2023 - Sep 2023: $304K Median sale price in Oct 2023 - Dec 2023: $327K Median sale price in Jan 2024 - Mar 2024: $355K Median sale price in Apr 2024 - Jun 2024: $329K Median sale price in Jul 2024 - Sep 2024: $366K Median sale price in Oct 2024 - Dec 2024: $273K Median sale price in Jan 2025 - Mar 2025: $300K Median sale price in Apr 2025 - Jun 2025: $317K Median sale price in Jul 2025 - Sep 2025: $303K Median sale price in Oct 2025 - Dec 2025: $338K Median sale price in Jan 2026 - Mar 2026: $337K Median sale price in Apr 2026 - Jun 2026: $319K Median list price in Jul 2021 - Sep 2021: $285K Median list price in Oct 2021 - Dec 2021: $260K Median list price in Jan 2022 - Mar 2022: $300K Median list price in Apr 2022 - Jun 2022: $296K Median list price in Jul 2022 - Sep 2022: $312K Median list price in Oct 2022 - Dec 2022: $300K Median list price in Jan 2023 - Mar 2023: $290K Median list price in Apr 2023 - Jun 2023: $327K Median list price in Jul 2023 - Sep 2023: $317K Median list price in Oct 2023 - Dec 2023: $360K Median list price in Jan 2024 - Mar 2024: $335K Median list price in Apr 2024 - Jun 2024: $350K Median list price in Jul 2024 - Sep 2024: $312K Median list price in Oct 2024 - Dec 2024: $233K Median list price in Jan 2025 - Mar 2025: $330K Median list price in Apr 2025 - Jun 2025: $316K Median list price in Jul 2025 - Sep 2025: $361K Median list price in Oct 2025 - Dec 2025: $325K Median list price in Jan 2026 - Mar 2026: $309K Median list price in Apr 2026 - Jun 2026: $324K Jul 2021 - Sep 2021 Median sale price $290K Median list price $285K Oct 2021 - Dec 2021 Median sale price $268K Median list price $260K Jan 2022 - Mar 2022 Median sale price $292K Median list price $300K Apr 2022 - Jun 2022 Median sale price $330K Median list price $296K Jul 2022 - Sep 2022 Median sale price $294K Median list price $312K Oct 2022 - Dec 2022 Median sale price $357K Median list price $300K Jan 2023 - Mar 2023 Median sale price $292K Median list price $290K Apr 2023 - Jun 2023 Median sale price $280K Median list price $327K Jul 2023 - Sep 2023 Median sale price $304K Median list price $317K Oct 2023 - Dec 2023 Median sale price $327K Median list price $360K Jan 2024 - Mar 2024 Median sale price $355K Median list price $335K Apr 2024 - Jun 2024 Median sale price $329K Median list price $350K Jul 2024 - Sep 2024 Median sale price $366K Median list price $312K Oct 2024 - Dec 2024 Median sale price $273K Median list price $233K Jan 2025 - Mar 2025 Median sale price $300K Median list price $330K Apr 2025 - Jun 2025 Median sale price $317K Median list price $316K Jul 2025 - Sep 2025 Median sale price $303K Median list price $361K Oct 2025 - Dec 2025 Median sale price $338K Median list price $325K Jan 2026 - Mar 2026 Median sale price $337K Median list price $309K Apr 2026 - Jun 2026 Median sale price $319K Median list price $324K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
18
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 (Apr 2026 - Jun 2026).

Rapid Valley currently leans toward sellers, with the market gauge pointing to a seller’s market. Months of supply sit at 2.1 in this rolling three-month view, keeping inventory relatively tight. Homes are also selling close to asking, with an average sale-to-list ratio of 99.3 percent.

Prices have been relatively steady year over year, with the typical home value up slightly, rising less than 1 percent. Listing trends show modest upward pressure, as the median list price is a bit higher than a year ago while active listings are down more than a third, signaling fewer options for buyers compared with last year.

Activity patterns highlight a mix of cooling and renewed movement. Compared with a year ago, homes sold and new listings have dipped around 10 percent, yet pending sales are down more sharply, suggesting some buyers are pausing. At the same time, homes are spending about the same amount of time on the market as last year, and only about one in five are selling above list price, lower than in past peaks. With these shifting signals for both sides of the table, buyers and sellers in Rapid Valley can benefit from Agent Pronto’s help in finding an agent who understands the local numbers and how to navigate them.



Learn more about what Rapid Valley has to offer.

Rapid Valley offers residents a welcoming community, convenient amenities, abundant outdoor recreation, and a stable, family-friendly lifestyle.

Rapid Valley immediately feels distinct from nearby Rapid City, offering a more relaxed, residential environment while still keeping big-city conveniences close. Many residents choose this area for its roomier lots, quieter streets, and easy access to both work and recreation throughout Pennington County.

Families appreciate the local school options through the Rapid City Area Schools system, along with nearby programs and events at the Rapid City Public Library. Everyday needs are simple to manage, with shopping, services, and dining a short drive away, plus quick connections to outdoor destinations like Pactola Reservoir and Custer State Park. The proximity to Ellsworth Air Force Base and key highways adds to the area’s appeal for both commuters and military households.

Life here leans toward backyard gatherings, local sports, and community ties that grow over time. Buyers will find a mix of established homes and newer construction, and an experienced local agent can help evaluate value, potential upgrades, and long term plans in this evolving market. For current owners, understanding timing, pricing, and preparation is essential to make the most of rising demand around greater Rapid City. Agent Pronto connects both buyers and sellers in Rapid Valley with the right real estate professional so they can move forward with confidence and the right strategy.

Find your Rapid Valley 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 excellent experience working with Bill Lumpp during the sale of our home. From the initial consultation through closing, he was knowledgeable, professional, and always available to answer our questions. His guidance on pricing, staging, and marketing helped attract strong interest, and he kept us informed every step of the way. His communication and attention to detail gave us confidence throughout the sale. We are grateful for all of his hard work and dedication, and we highly recommend Pink Flamingo Realty to anyone looking to buy or sell a home. Thank you Bill for helping us achieve such a successful sale!”

Tom and Susan Barkalow · Nashville, NC

Photo of Bill Lumpp
Pink Flamingo Realty LLC
“Amy was excellent to work with very accessible. And very helpful. I would definitely use her again”

Darin Frueh · Harvey, ND

Photo of Amy Hullet
Century 21 Morrison
“This young lady had the experience that we needed to get the job done. This was the second time we used Erin Evans and as before very pleased with her performance as our realtor. Yes we would use her agian if needed. Thank you, Erin.”

Gary Miller · Mililani, HI

Photo of Erin Evans
Century 21 Island Homes
“Nydia is a professional in every sense of the word. From the moment we had our first meeting, we realized she was the right person to handle the rental process. She explained her marketing plan and the various tools she had available to successfully rent out the apartment. We are very satisfied with her work, service and fast process.”

Wilfredo Velez · Winter Park, FL

Photo of Nydia  Marrero
Zen Living Realty
“Laurie is the best agent you could ask for. She went above and beyond for us. She will fight for you and makes sure things are correct. Laurie will hold your hand and walk you through every step of the process making it as easy as she can on you. This is my 2nd time I have used her and I would do it again.”

Jennifer Gransden · Boiling Springs, SC

Photo of Laurie Grekousis
LPT Realty, LLC
“Matt made the entire process of selling my house easy and stress-free. He was professional, honest, and always available to answer my questions. His knowledge of the market and attention to detail helped everything go smoothly. I couldn’t have asked for a better realtor, and I’d highly recommend Matt to anyone looking to buy or sell a home.”

Grant Muller · Waterloo, IA

Photo of Team Wikert
RE/MAX Concepts
“Working with Beckie Davis was an amazing experience! As first-time homebuyers, we had so many questions, and she was patient, knowledgeable, and always there when we needed her. She made the entire process so much less stressful and truly went above and beyond for us. You can tell she genuinely cares about her clients and will fight for what’s best for them. We couldn’t have asked for a better realtor, and we’re so grateful she helped us find our first home. We highly recommend Beckie to anyone looking to buy or sell a home!”

Summer and Bart Zajac · Fenton, MO

Photo of Beckie Davis
Gateway Real Estate
“I love working on Elise's team as a realtor. Her advice, knowledge, and guidance are amazing and have helped me tremendously as a new agent. She is the most caring and helpful person with a great heart for helping others.”

Mike Israel · AR

Photo of Elise Petro
Move Realty
“He provides outstanding service!”

Kelly Jenkins · Smyrna, GA

Photo of David McGee
Century 21 Connect Realty
“Damian was awesome. He answered every phone call. I told him the date I wanted to move and he did everything he needed to do to make sure I was in before that day. Thank you again Damian G!”

Shavell · FL

“Alec was extremely helpful, professional, and caring. Thank you!!”

Jacek Soroka · Good Thunder, MN

Photo of Candee Deichman
Century 21 Atwood
“This is my second transaction with Charles, buying an investment property Charles and Lynn are amazing. I recommend them to everyone.”

Johnny Bello · Clermont, FL

Photo of Charles Thomasson
Century 21 Professional Group
“Dayleen meet and exceeded my expectation for selling my home which had been previously listed for a long period of time with other broker. In particular, I thought her marketing pictures write up of property and presentation were very good. I would definitely use her services again if in need or recommend to others I know.”

Parry Tramp · Fort Morgan, CO

Photo of Dayleen Mitchell
Century 21 Cornetsone
“Camille Simms was excellent, Camille had great communication with both my wife and I throughout the entire sales process. Highly recommended.”

Christian Hintz · Forked River, NJ

Photo of Camille Simms
RE/MAX At Barnegat Bay
“Lolli is wonderful. Worked with her twice now, and would do so again. She is communcative, knowledgable, kind and hard working. I trusted her to handle almost all aspects of selling my house, as I was living across the country at the time. She organized cleanup, repairs, staging, photos and everything else. Even picked up a package I had accidently sent to the house. Thank you for everything Lolli!”

Langdon Froker · Sebastopol, CA

Photo of Lolli Evenich
Century 21 Epic
“Angie Carter was great since day one. She explained everything in detailed and helped step by step throughout the whole process. Her professionalism and experience were key to be able to find the right house and complete the whole process.”

Daniel Villegas · Elizabethtown, KY

Photo of Angie  Carter
eXp Realty
“If you're buying or selling in Delaware Kazy is the man to turn to. Extremely knowledgeable and highly professional. He set expectations high and exceeded them repeatedly. Highly recommend him to anyone dealing with real estate buying or selling.”

Mathew Zollars · Newark, DE

Photo of Kazy Tauginas
Century 21 Gold Key Realty
“Jeannie ricke-Finley is personable, knowledgeable, professional and has become a good friend. She knows the area and found us the perfect home.”

Deb Albico · Wickenburg, AZ

Photo of Jeannie Ricke-Finley
Century 21 Arizona West
“Great attention to details, knowledge of the transaction was impressive, communication and willingness to make it a great experience.”

Casey Wood · Carthage, TX

Photo of Katelyn Roan
Century 21 A Select Group
“Very satisfied customer here. Would highly recommend using Andrew to everyone. He is professional, honest and gets back to you immediately. Did I mention patient? Very patient!”

Marge Forberg · Orland Park, IL

Photo of McCatty Real Estate
Century 21 Circle

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 Valley. 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.