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Rapid City, SD 57702 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Rapid City, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 8484PendingPending sales: 55
Rapid City, SD: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $602k$602kSoldMedian sold price (last 6 months): $528k$528k
What homes actually sell for in Rapid City, SD
Distribution of 192 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $379k to $765k
$262k to $382k: 43 sales43sales$262k$382k to $503k: 37 sales$503k to $623k: 29 sales$503k$623k to $744k: 23 sales$744k to $864k: 15 sales$744k$864k to $984k: 12 sales$984k to $1.1M: 7 sales$984k$1.1M to $1.23M: 6 salesMedian $528k

What the numbers say

As of October 26, 2026, Resideline is tracking 84 active listings and 5 pending sales in ZIP code 57702. That pending-to-active ratio of 0.06 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $602,500, while the median of the 192 closed sales Resideline tracked over the last six months was $528,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 57702 for 95 days.

Frequently asked questions

What is the median home price in 57702?

The median closed sale price in Rapid City, SD 57702 was $528,000 over the last six months, based on 192 closed sales tracked by Resideline. The middle half of those sales ranged from $379,000 to $765,000.

Is 57702 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 84 active listings in 57702, a pending-to-active ratio of 0.06. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 57702 is currently a typical-pace market.

Nearby ZIP code market data

Full Rapid City, SD housing market report →

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