Rapid City, SD Home Values & Market Trends

Real estate market trends reflect that there have been 11 transactions over the past year in Rapid City. The median value for residential home transactions that occurred over the previous year is $333,783.76. The number of current listings in Rapid City is 59, and the percentage of properties for sale in the city is 59.00%. Rapid City, SD currently has 7 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 59 properties for sale.

Rapid City, SD Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
57701

$ 331,822

$ 178/sqft

57703

$ 384,000

$ 193/sqft

57702

$ 523,000

$ 243/sqft

Housing Market Summary for Rapid City, SD

Mar 2023February 2024Change
Median Listing Price$359.9K$0-100.00%
Median Sold Price$656.9K$0-100.00%
Homes For Sale556110.91%
Homes Sold50-100.00%
Price
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Homes For Sale
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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%.

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Recently Sold Homes

Explore recent offers and recently sold homes in Rapid City, SD

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Browse Homes in Rapid City, SD

Rapid City home values range from $57,000 to $3,450,000. The median estimated value of a home in Rapid City is $333,783.76. The median list price of a home is 375,000, and the total count of properties in the city is 33,472.

Foreclosure
There are 3 zips within Rapid City, SD; within these zips, the median estimated home value for homes in foreclosure ranges from $255,500 in 57701 to the lowest value of $251,250 in 57701. Foreclosure homes account for 0.00% of properties in Rapid City, SD with 57701 containing 5 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Rapid City, SD with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Rapid City, SD; of those 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Rapid City, SD 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, SD. There are 3 zips within Rapid City, SD; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    57701 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Rapid City, SD. Auction homes and other auction properties account for 0.02% of all properties in Rapid City, SD. There are 3 zips within Rapid City, SD; of those zips, the median estimated home value for homes going to auction ranges from $274,250 in 57702 to the lowest value of $251,250 in 57702.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.18% of residential properties in Rapid City, SD with 57701 containing 28 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Rapid City, SD; homes for sale in those zips, have a range of median values from $2,664,863 in 57702 to the lowest value of $179,000 in 57701.
    Sold Homes
    The median value for recently sold homes ranges from $0 in $[recently-sold-highest-avm-region] to the lowest price of $0 in $[recently-sold-highest-avm-region]. There are 3 zips within Rapid City, SD. $[recently-sold-highest-count-region] has 0 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0% of properties in Rapid City, SD.

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      Guide for Rapid City, SD

      Home Buying Guides & Tips
      South Dakota Foreclosure Laws
      Wholesale
      What Is a Zombie Property?
      Market Reports
      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports
      Honolulu’s Real Estate Trend – Report of 2023-2024
      See More Articles
      South Dakota Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      South Dakota Foreclosure Laws

      What Is a Zombie Property?
      Wholesale|posted 14 March 2024

      Learn what a Zombie property is and how to avoid your home becoming one.

      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      Honolulu’s Real Estate Trend – Report of 2023-2024
      Market Reports|posted 14 March 2024

      Honolulu’s real estate market exhibits a mix of stability and fluctuation in property values, with trends varying across nearby cities. Factors influencing these trends include property sizes, local demand dynamics, economic conditions, and global events. Investors and homebuyers need a comprehensive understanding of these conditions for well-informed decisions.