#85180, Listing office: Keller Williams Realty Black Hills SP
Rapid City Housing Market Report June 2025•Pennington County, South Dakota
Housing Prices in Rapid City, SD
How much do homes in Rapid City, SD cost?
Housing Market Conditions
Is Rapid City, SD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Rapid City is a Buyer's Market
Difference Since June 2024
At the same time last year, Rapid City was a Seller's Market.
Rapid City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
The sold price of homes in Rapid City has remained the same since last year.
Summary: The median home sold price in Rapid City was $362,950 in June 2025, down 0.2% from last year, and the median price per square foot was $193.
Median Sold Price By Cities
City | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
Central Pennington | $349K | $368.2K | +5.5% |
Box Elder | $351K | $357.7K | +1.9% |
Box Elder | $350K | $355K | +1.4% |
Rapid City | $363.7K | $362.9K | -0.2% |
Median Sold Price By Bedrooms
Beds | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $172.4K | $177.5K | +2.9% |
22 Bedrooms | $266K | $258.4K | -2.8% |
33 Bedrooms | $327K | $337.5K | +3.2% |
44 Bedrooms | $399.9K | $402.5K | +0.7% |
55+ Bedrooms | $557K | $511K | -8.3% |
Summary: Rapid City housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.9%. The home price for 2 bedroom homes decreased by -2.8%. The home price for 3 bedroom homes increased by +3.2%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes decreased by -8.3%.
How does Rapid City, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Rapid City, SD
Housing supply in Rapid City, SD
How many homes are available in Rapid City, SD?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
585Last MonthJun 2025 | ||
4352 months agoMay 2025 | +34.5 % Change MoMMay – Jun |
Summary: The Rapid City real estate market had 585 homes for sale in Jun 2025, a 34.5 % increase compared to May 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
55Last MonthJun 2025 | ||
512 months agoMay 2025 | +7.8 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
Beds | May 2025 | Jun 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 8 | 9 | +12.5% |
22 Bedrooms | 72 | 96 | +33.3% |
33 Bedrooms | 137 | 195 | +42.3% |
44 Bedrooms | 139 | 187 | +34.5% |
55+ Bedrooms | 79 | 98 | +24.1% |
Summary: Rapid City housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +12.5%. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes increased by +42.3%. The inventory for 4 bedroom homes increased by +34.5%. The inventory for 5 bedroom homes increased by +24.1%.
Asking Price vs. Sold Price
How much do homes in Rapid City, SD cost?
Over Asking Price10 Homes
At Asking Price11 Homes
Under Asking Price32 Homes
If you're buying a home in Rapid City, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Rapid City in June 2025, up by 7.8% month-over-month. Of the 53 sold homes, 60% were sold under asking, 21% were sold at asking, and and 19% were sold over asking.
Days on Market for Rapid City, SD
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Rapid City, SD
What homes are available in Rapid City, SD?
Popular Cities with Homes for Sale in South Dakota
MLS Disclaimers and Copyright
Based on information from Black Hills Association of REALTORS® MLS, Mount Rushmore MLS, and Sioux Empire MLS for the period 07/01/2023 - 07/01/2025

Copyright © 2025 by Black Hills Association of REALTORS®. 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: 7/8/2025, 11:45:31 AM 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: 7/8/2025, 11:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.


©2025 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. 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: 7/8/2025, 11:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.