New - 3 days on Rocket
$10,000 Closing Credit¹
#78080054660, Donald C Fedrigon, Listing Office: REMAX Of Elk Rapids
Rapid City Housing Market Report February 2025•Kalkaska County, Michigan
Housing Prices in Rapid City, MI
How much do homes in Rapid City, MI cost?
Housing Market Conditions
Is Rapid City, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Rapid City is a Buyer's Market
Difference Since February 2024
At the same time last year, Rapid City was a Seller's Market.
Insight
Rapid City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$480,000$234/SqFt
+$100,000
+26.3%
Based on all homes sold in the last 12 months
Insight
Homes in Rapid City have sold for 26.3% more than they did a year ago.
Summary: The median home sold price in Rapid City was $480,000 in February 2025, up 26.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $322.5K | $275K | -14.7% |
| 22 Bedrooms | $368K | $300K | -18.5% |
| 33 Bedrooms | $345K | $350K | +1.4% |
| 44 Bedrooms | $720K | $723K | 0.4% |
| 55+ Bedrooms | $415K | $1.4M | +237.3% |
Summary: Rapid City housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -14.7%. The home price for 2 bedroom homes decreased by -18.5%. The home price for 3 bedroom homes increased by +1.4%. The home price for 4 bedroom homes increased by 0.4%. The home price for 5 bedroom homes increased by +237.3%.
Housing supply in Rapid City, MI
How many homes are available in Rapid City, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 15Last MonthFeb 2025 | ||
| 132 months agoJan 2025 | +15.4 % Change MoMJan – Feb |
Summary: The Rapid City real estate market had 15 homes for sale in Feb 2025, a 15.4 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthFeb 2025 | ||
| 22 months agoJan 2025 | -50.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 1 | 3 | +200.0% |
| 33 Bedrooms | 7 | 5 | -28.6% |
| 44 Bedrooms | 3 | 5 | +66.7% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Rapid City housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +200.0%. The inventory for 3 bedroom homes decreased by -28.6%. The inventory for 4 bedroom homes increased by +66.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Rapid City, MI cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Rapid City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rapid City in February 2025, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Rapid City, MI
How long does it take to sell a home in Rapid City, MI?
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 0 DaysThis YearFeb 2025 | ||
| 92 Days1 year agoFeb 2024 | 0.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Rapid City had an average listing age of 0 days in Feb 2025, down by .0% compared to the previous year.
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Newest Listings in Rapid City, MI
What homes are available in Rapid City, MI?
New - 5 days on Rocket
$4,453 Closing Credit¹
#78080054621, Renee W Waverly, Listing Office: Brookstone Realtors
New - 5 days on Rocket
#25008126, Christi Cronk, Listing Office: Michigan Property Partners LLC
New - 7 days on Rocket
#1931177, Darci Springborn, Listing Office: Lakeside Properties Real Estate
Video tour
$6,411 Closing Credit¹
#1930996, Dewayne Kirkman, Listing Office: REO-TCRandolph-233022
$6,044 Closing Credit¹
#1930919, Toni Morrison, Listing Office: REO - Elk Rapids-101308
#78080054156, Sean Riley, Listing Office: Coldwell Banker Schmidt-Kalkas
$10,000 Closing Credit¹
#1930571, James Garrow, Listing Office: Bayside Real Estate
#1930504, Donald Fedrigon, Listing Office: REMAX Of Elk Rapids
$8,134 Closing Credit¹
#1930488, Debra Kimball, Listing Office: Lakeside Properties Real Estate
Video tour
$6,293 Closing Credit¹
#1929637, Dewayne Kirkman, Listing Office: REO-TCRandolph-233022
$10,000 Closing Credit¹
#1929591, Jake Bishop, Listing Office: REMAX Of Elk Rapids
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MLS Disclaimers and Copyright
Based on information from Northern Great Lakes Realtors MLS, RealComp II Ltd., Northern Michigan MLS, and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/11/2025, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.