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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

Mar 1, 2026 - May 31, 2026

Median sale price
$320K
-4.2% from Q1 '26
Median list price
$322K
+4.1% from Q1 '26
Active listings
48
+23% from Q1 '26
Homes sold
29
+71% from Q1 '26
New pendings
31
+35% 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 Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $250K 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: $334K Median list price in Apr 2021 - Jun 2021: $255K 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: $320K 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 Apr 2021 - Jun 2021 Median sale price $250K Median list price $255K 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 $320K 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 $334K Median list price $309K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
15
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 Valley currently leans toward sellers, with a seller’s market gauge and only about two months of supply available. Homes are typically valued around $320,000 in this rolling three-month view. Tight inventory is helping support prices even as other indicators shift.

Looking at activity, homes sold are up nearly 15% year over year in this rolling period, while new listings are slightly lower than a year ago. Active listings have dropped more than a third compared with last year, reinforcing limited choices for buyers. Median days on market sit at about 66 days, which is longer than some past periods but still reflects a steady pace of sales when paired with low inventory.

Pricing dynamics show a nuanced picture for both sides. The typical home value is up a bit year over year, but the share of homes selling above list has edged down to roughly 14%, and the average sale-to-list ratio sits just under 99%. Buyers may find a bit more room to negotiate than in previous years, while sellers still benefit from relatively low supply and healthy demand. Whether navigating tight inventory as a buyer or pricing strategically as a seller, Agent Pronto can connect you with a local Rapid Valley agent who understands these trends.



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 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 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.