6 days on Rocket
#174220, JOHN ROBERTS, Listing office: THE REAL ESTATE GROUP, INC.
Rapid City East Housing Market Report May 2025•Pennington County, South Dakota
Housing Prices in Rapid City East, SD
How much do homes in Rapid City East, SD cost?
Housing Market Conditions
Is Rapid City East, SD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Rapid City East is a Buyer's Market
Difference Since May 2024
At the same time last year, Rapid City East was a Seller's Market.
Insight
Rapid City East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$449,000$187/SqFt
-$30,000
-6.3%
Based on all homes sold in the last 12 months
Insight
Homes in Rapid City East have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Rapid City East was $449,000 in May 2025, down 6.3% from last year, and the median price per square foot was $187.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Central Pennington | $349.5K | $368.2K | +5.4% |
| Rapid City | $358K | $365.1K | +2.0% |
| Box Elder | $352.9K | $357.7K | +1.3% |
| Box Elder | $350.5K | $352K | 0.4% |
| Rapid City East | $479K | $449K | -6.3% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $400K | N/A |
| 33 Bedrooms | $477K | $414.4K | -13.1% |
| 44 Bedrooms | $512.5K | $465K | -9.3% |
| 55+ Bedrooms | $930K | $1.0M | +10.2% |
Summary: Rapid City East housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -13.1%. The home price for 4 bedroom homes decreased by -9.3%. The home price for 5 bedroom homes increased by +10.2%.
How does Rapid City East, 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 East, SD
Housing supply in Rapid City East, SD
How many homes are available in Rapid City East, SD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 28Last MonthMay 2025 | ||
| 262 months agoApr 2025 | +7.7 % Change MoMApr – May |
Summary: The Rapid City East real estate market had 28 homes for sale in May 2025, a 7.7 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthMay 2025 | ||
| 32 months agoApr 2025 | 0.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 4 | 0.0% |
| 33 Bedrooms | 10 | 10 | 0.0% |
| 44 Bedrooms | 8 | 10 | +25.0% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Rapid City East housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Rapid City East, SD cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Rapid City East, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rapid City East in May 2025, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.
Days on Market for Rapid City East, SD
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in Rapid City East, SD
What homes are available in Rapid City East, SD?
7 days on RocketBackup offers
#174188, ZAC ZANDSTRA, Listing office: GREAT PEAKS REALTY MUNRO & GRAN
#174118, HOLLY HOWIE, Listing office: COLDWELL BANKER BLACK HILLS LEGACY
$9,203 Closing Credit¹
#84689, Listing office: West River Realty
$4,631 Closing Credit¹
#174046, LISA MCFARLAND, Listing office: EXP REALTY
Tour
$5,759 Closing Credit¹
#174034, TJ WOJTANOWICZ, Listing office: BLACK HILLS REALTY
$9,796 Closing Credit¹
#173885, ROBYN ELLIS, Listing office: COLDWELL BANKER BLACK HILLS LEGACY
$4,691 Closing Credit¹
#84534, Listing office: Oak & Key Realty, LLC
$5,926 Closing Credit¹
#84478, Listing office: Lewis Realty
$8,182 Closing Credit¹
#173434, JULIE HEWITT, Listing office: HLC LEGACY PROPERTIES, LLC
$5,166 Closing Credit¹
#84369, Listing office: Keller Williams Realty Black Hills RC
#84229, Listing office: Keller Williams Realty Black Hills SP
Popular Cities with Homes for Sale in South Dakota
MLS Disclaimers and Copyright
Based on information from Black Hills Association of REALTORS® MLS, and Mount Rushmore MLS for the period 06/01/2023 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. 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. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. 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: 6/18/2025, 4:45:29 AM 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 for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2025 Mount Rushmore Area Association of REALTORS®., 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: 6/18/2025, 4:45:30 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: 6/18/2025, 4:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.