Is Rapid City, SD 57703 a buyer’s or seller’s market?
Rapid City is a seller’s market. With about 3.9 months of supply and 41% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.9Under 4 months = seller’s market
Sold above original list40.8%Share of sales, last 3 months
Median sale-to-list99.9%Sold price ÷ list price
Median days on market64Listing to accepted offer
Median price per sq ft$222▲ +4.5% vs. last year
Run the numbers for 57703
Nearby markets
Caputa 57725Buyer’s market $195 /sq ftHill City 57745Buyer’s market $390 /sq ftKeystone 57751Buyer’s market $509 /sq ftRapid City 57701Seller’s market $211 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology