Rapid City, SD Real Estate Market Summary – September 8, 2026
In Rapid City, South Dakota, the real estate market has seen a total of 45 homes sold recently, which averages out to about 1.5 homes per day. The average living area of these homes is approximately 2,259 square feet, with a median living area of 2,008 square feet.
| Metric | 30 Days |
|---|---|
| Number Sold | 45 |
| Sold Per Day | 1.50 |
| Average SQFT | 2259 |
| Median Sales Price | $389,000 |
| Average Sales Price | $487,816 |
| Average Price Per SQFT | $219 |
| Average Days on Market | 17 |
| Average Year Built | 1982 |
Rapid City, SD Single Family Home Analysis
Within the single family segment, 42 homes were sold, maintaining a pace of 1.4 homes per day. These homes have an average living area of 2,311 square feet and a median living area of 2,012 square feet, with an average sale price of $502,785.
| Metric | 30 Days |
|---|---|
| Number Sold | 42 |
| Sold Per Day | 1.40 |
| Average SQFT | 2311 |
| Median Sales Price | $393,500 |
| Average Sales Price | $502,785 |
| Average Price Per SQFT | $220 |
| Average Days on Market | 17 |
| Average Year Built | 1982 |
Rapid City, SD Condo & Townhome Analysis
The condo and townhome market is much smaller, with only 3 units sold, averaging a pace of 1 every 10 days. The average living area for these units is about 1,533 square feet, while the median living area is 1,152 square feet, with an average sale price of $278,250.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 1533 |
| Median Sales Price | $347,000 |
| Average Sales Price | $278,250 |
| Average Price Per SQFT | $206 |
| Average Days on Market | 14 |
| Average Year Built | 1988 |
Buyer & Seller Analysis
- 1.5 homes sold per day in the overall market.
- Average days on market for homes is about 17 days.
- Average sale price across all segments is $487,816.
- Condo and townhome sales are less frequent, at a pace of 1 every 10 days.
Conclusion
The data provides a snapshot of real estate activity in Rapid City, with variations between single-family homes and condos or townhomes. Overall, the market shows sustained activity with homes selling within a relatively short timeframe.