The Downtown Rapid City housing market is somewhat competitive. The median sale price of a home in Downtown Rapid City was $256K last month, up 11.6% since last year. The median sale price per square foot in Downtown Rapid City is $237, up 48.1% since last year.
What is the housing market like in Downtown Rapid City today?
In March 2024, Downtown Rapid City home prices were up 11.6% compared to last year, selling for a median price of $256K. On average, homes in Downtown Rapid City sell after 72 days on the market compared to 51 days last year. There were 35 homes sold in March this year, down from 41 last year.
$298K
Sale Price
+12.5% since last year
$237
Sale $/Sq. Ft.
+48.1% since last year
Under List Price
1.5%
Days on Market
68.5
Down Payment
—
Total Homes Sold
9
To compare other locations to the Downtown Rapid City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Rapid City add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Rapid City housing market?
Downtown Rapid City is somewhat competitive. Homes sell in 68.5 days.
0
100
38
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 69 days.
Hot homes
can sell for around list price and go pending in around 47 days.
Home offer insights for Downtown Rapid City
Explore recent offers and recently sold homes in Downtown Rapid City
Recent offers
View houses in Downtown Rapid City that sold recently
Learn about schools in the Downtown Rapid City area
Elementary
Middle
High
GreatSchools Rating
5/10
Grandview Elementary - 06
Public • K-5
452
Students
2 reviews
4/10
South Park Elementary - 16
Public • K-5
326
Students
3 reviews
4/10
Woodrow Wilson Elementary - 17
Public • K-5
358
Students
1 reviews
3/10
Robbinsdale Elementary - 14
Public • PreK-5
506
Students
2 reviews
NR
Wellfully - 65
Public • 1-12
-
Students
N/A
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Rapid City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Rapid City.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Rapid City has a moderate risk of flooding. 524 properties in Downtown Rapid City are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Downtown Rapid City. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Rapid City has a major risk of wildfire. There are 5,470 properties in Downtown Rapid City that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Downtown Rapid City.
Downtown Rapid City has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Rapid City has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
98% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Downtown Rapid City has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 98% of homes in Downtown Rapid City have a Minor Heat Factor®.
Downtown Rapid City is expected to see a 128% increase in the number of days over 95ºF over the next 30 years. Downtown Rapid City is expected to experience 7