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Information and statistics on the latest trends in the Rapid Valley real estate market, updated for August 2025. *
The typical home value in Rapid Valley is projected to be $278,930 for the month of August. July’s finalized data reported the typical value of a home in the city to be $287,450—down 23.23% over the previous 12 months. For comparison, county-level data pegged home values at $358,950 in Pennington County for the most recent reporting period. That number is expected to float around $358,680 in August.
Rapid Valley had 24 new listings and 10 listings that went under contract in July, increasing the area’s total available inventory to 48—up 37.14% from the previous month. Inventory is projected to have further increased in August.
Of those 48 active listings, 33.33% reduced their price in the month of July. The median listing price for homes in Rapid Valley fell 8.38% from June to July, bringing the current median listing price to $302,250. Based on projected data for August, listing prices may continue to fall.
The number of days that homes have been on the market prior to going under contract fell year-over-year. In July 2025, the median time for a listed property to go pending was 91 days, compared to 107 days in July 2024. In recent months the median number of days from listed to pending appears to be decreasing. That trend is predicted to have carried through to this August.
Market gauge is calculated based on the the number of active listings divided by home sales over the most recently available reporting period.
Rapid Valley offers residents a welcoming, community-focused lifestyle with convenient amenities, abundant outdoor recreation, and easy access to schools, employment, and essential services.
Rapid Valley puts wide skies and convenience on the same map. Minutes from Rapid City and Box Elder, residents enjoy quick commutes, straightforward shopping, and easy getaways via Rapid City Regional Airport. Neighborhood streets connect to schools in Rapid City Area Schools, including Rapid Valley Elementary, with well-regarded programs and community-centered events. Outdoor time is second nature here; trailheads and scenic byways lead toward the pine-scented overlooks of Black Hills National Forest and the otherworldly vistas of Badlands National Park.
Weekends bring concerts, hockey, and expos at The Monument, while daily life benefits from the steady presence of Ellsworth Air Force Base and robust healthcare at Monument Health Rapid City Hospital. Higher education and research opportunities at South Dakota Mines add an innovative edge to the local economy, and county services are close at hand through Pennington County. Housing options range from established subdivisions with mature trees to new builds on roomy lots, with competitive prices and the bonus of no state income tax. Whether you’re relocating for work, seeking more elbow room, or timing a move to match the school calendar, Rapid Valley offers everyday ease with big-nature adventure next door. When it’s time to buy or sell, Agent Pronto can introduce you to a trusted, top-performing real estate agent who knows the area.
Within a few minutes, I was paired up with an awesome agent who really knew the local area and helped me find a great condo in a super tight market. It was daunting to think about how to find the right agent. Agent Pronto got me the right agent, pronto!
With over 2 million real estate agents across the U.S., it’s not easy deciding who to trust when buying or selling a home.
We’ve analyzed performance metrics, close rates, specialties, and client reviews of the top real estate agents in Rapid Valley to qualify the best agents for your specific needs.
We know that choosing the right real estate agent can be a stressful task. With Agent Pronto, it doesn’t have to be.
Agent Pronto works through troves of local and national housing data, client reviews, and agent performance metrics to find the top agents in Rapid Valley. But we don’t stop there.
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Tips and market insights to make your Rapid Valley real estate journey a success.
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. 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.
Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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