Rapid City, MI Home Values & Market Trends
Real estate market trends reflect that there have been 87 transactions over the past year in Rapid City. The median value for residential home transactions that occurred over the previous year is $364,045.38. The number of current listings in Rapid City is 10, and the percentage of properties for sale in the city is 10.00%. Rapid City, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 10 properties for sale.
Rapid City, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49676 | $ 406,938 $ 161/sqft |
Housing Market Summary for Rapid City, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $287.4K | $328.9K | 14.40% |
| Median Sold Price | $319.1K | $328.9K | 3.07% |
| Homes For Sale | 4 | 7 | 75.00% |
| Homes Sold | 36 | 37 | 2.78% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rapid City, MI
Browse Homes in Rapid City, MI
Rapid City home values range from $23,620 to $21,342,271. The median estimated value of a home in Rapid City is $364,045.38. The median list price of a home is 379,000, and the total count of properties in the city is 2,626.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Rapid City, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Rapid City, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rapid City, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Rapid City, MI. There is 1 zips within Rapid City, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49676 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Rapid City, MI. Auction homes and other auction properties account for 0.04% of all properties in Rapid City, MI. There is 1 zips within Rapid City, MI; of that zips, the median estimated home value for homes going to auction ranges from $269,984 in 49676 to the lowest value of $269,984 in 49676.
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More Real Estate Resources for Rapid City, MI
Guide for Rapid City, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.