The Downtown Rapid City housing market is somewhat competitive. The median sale price of a home in Downtown Rapid City was $285K last month, down 5.0% since last year. The median sale price per square foot in Downtown Rapid City is $201, down 2.4% since last year.
What is the housing market like in Downtown Rapid City today?
In May 2025, Downtown Rapid City home prices were down 5.0% compared to last year, selling for a median price of $285K. On average, homes in Downtown Rapid City sell after 44 days on the market compared to 57 days last year. There were 37 homes sold in May this year, up from 36 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$285,000
-5.0% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Downtown Rapid City, SD
$285,000
-5.0%
United States
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 51 days.
0
100
47
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 51 days.
Hot homes
can sell for around list price and go pending in around 31 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.1%
-0.84 pt YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Downtown Rapid City, SD
98.1%
-0.84 pt
United States
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
406
Students
2 reviews
4/10
Woodrow Wilson Elementary - 17
Public • K-5
337
Students
1 reviews
4/10
South Park Elementary - 16
Public • K-5
314
Students
3 reviews
3/10
Robbinsdale Elementary - 14
Public • PreK-5
359
Students
2 reviews
NR
Jefferson Academy - 64
Public • PreK-12
33
Students
1 reviews
Only showing 5 of
7 elementary schools.
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.
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Rapid City has a minor risk of flooding. 257 properties in Downtown Rapid City are likely to be
severely affected
by flooding over the next 30 years. This represents 11% 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 severe risk of wildfire. There are 5,499 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.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Rapid City has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Rapid City is most at risk from severe storms. 5,499 properties in Downtown Rapid City have some risk of being in a severe wind event within the next 30 years.
97% 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 97% 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