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RAPID CITY, SD 57701

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The RAPID CITY, SD real estate market (57701) currently shows 197 active listings, with 74 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has increased compared to last year, with 67 more homes available — giving buyers more choice.

Homes are selling faster, averaging 48 days on market compared to 64 days last year.

The median listing price has risen 4.5% year-over-year, from $329,900 to $344,900.

Whether you are buying or selling in RAPID CITY, SD, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 45,046  ·  Density: 333.1/mi²  ·  Median household income: $52,255

Typical home value: $204,956  ·  Homeownership: 58.2%

Market Overview

Active Listings
197
⇧ 51.5% vs 130 last year
Pending
74
38% pending ratio
Median Price
$344,900
⇧ 4.5% vs $329,900 last year
Average Price
$425,307
⇧ 6.1% vs $400,753 last year
Days on Market
48
⇩ 25% vs 64 days last year

Price Per Square Foot

Median $/sqft
$209
⇩ 5.4% vs $221/sqft last year
Median Home Size
1,609 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 197 this year vs 130 last year
  • Days on market: 48 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $344,900 (+4.5% YoY)
  • Average: $425,307 (+6.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 53.2 miles — 545 listings ($373,222,338 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57701Rapid City, SD 577010.0 mi175$73,513,825$344,000$420,079
57769Piedmont, SD 577699.6 mi25$16,728,175$649,900$669,127
57703Rapid City, SD 5770311.4 mi119$50,940,687$388,400$428,073
57759Nemo, SD 5775918.6 mi3$2,264,250$785,000$754,750
57785Sturgis, SD 5778520.6 mi52$36,767,588$589,000$707,069
57732Deadwood, SD 5773223.1 mi27$18,633,240$487,500$690,120
57744Hermosa, SD 5774425.4 mi4$6,680,000$965,000$1,670,000
57793Whitewood, SD 5779333.1 mi14$9,932,034$525,000$709,431
57754Lead, SD 5775434.5 mi112$143,588,704$999,000$1,282,042
57791Wasta, SD 5779137.6 mi1$160,000$160,000$160,000
82715Four Corners, WY 8271545.3 mi3$4,074,000$1,200,000$1,358,000
57790Wall, SD 5779049.6 mi5$1,299,835$245,000$259,967
82712Beulah, WY 8271253.2 mi5$8,640,000$2,250,000$1,728,000

Frequently Asked Questions

How many homes are for sale in RAPID CITY, SD 57701?

As of February 2026, there are 197 active listings in RAPID CITY, SD (zip code 57701), compared to 130 the prior year.

What is the median home price in RAPID CITY, SD 57701?

The median listing price in RAPID CITY, SD 57701 is $344,900 as of February 2026, a 4.5% increase from $329,900 the prior year.

How long do homes stay on the market in RAPID CITY, SD?

Homes in RAPID CITY, SD 57701 spend an average of 48 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in RAPID CITY, SD 57701?

Based on current inventory and days-on-market data as of February 2026, RAPID CITY, SD 57701 is currently a Balanced Market. Inventory has increased compared to last year, with 67 more homes available — giving buyers more choice. Homes are selling faster, averaging 48 days on market compared to 64 days last year.

How much can I save on real estate commission in RAPID CITY, SD?

With SELL123.com's maximum 3% commission, sellers in RAPID CITY, SD 57701 save an estimated $6,898 compared to a typical 5% commission on the median listing price of $344,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.