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Rapid City Market Report

$809,193

AVERAGE PRICE OF 53 HOMES

$3,170,580

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$2,024,875

AVERAGE PRICE OF 2 NEWLY BUILT HOMES

Average Home

Average Price $809,193
Avg Bedrooms 1.51 beds
Avg Bathrooms 1.09 baths

Average Price by Bedrooms

1 bedroom $1,100,000
2 bedrooms $255,000
3 bedrooms $776,711
4 bedrooms $1,115,150
5 bedrooms $1,814,500
Rapid City Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 58 64 73 71 68
Average Price $754,491 $683,283 $639,494 $667,692 $801,908
Avg Price Change +10.42% +6.85% -4.41% -20.10% +20.71%
Median Price $191,043 $176,495 $180,250 $177,050 $232,622
Med Price Change +8.24% -2.13% +1.81% -31.39% +20.91%
Avg Bedrooms 1.55 beds 1.49 beds 1.49 beds 1.43 beds 1.58 beds
Avg Bathrooms 1.1 baths 1.03 baths 1.02 baths .97 bath 1.11 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 53 $809,193 164 days
Multi-Million Dollar Homes 10 $3,170,580 157 days
Newly Built Homes 2 $2,024,875 153 days
Berkshire Hathaway Home Service Michigan Real Estate
Greg Miller
5839 Oakland Dr
Portage, MI 49024
269-743-4817
Kalamazoo Mortgage
2415 S 11th St
Kalamazoo, MI 49009-2197
269-364-6000
NMLS # 130562

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2024 MichRIC, LLC. All rights reserved.
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