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Rapid City, SD 57702 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Rapid City, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 8888PendingPending sales: 66
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): $590k$590kSoldMedian sold price (last 6 months): $515k$515k
What homes actually sell for in Rapid City, SD
Distribution of 177 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $375k to $765k
$280k to $401k: 53 sales53sales$280k$401k to $522k: 29 sales$522k to $644k: 25 sales$522k$644k to $765k: 17 sales$765k to $886k: 15 sales$765k$886k to $1.01M: 10 sales$1.01M to $1.13M: 4 sales$1.01M$1.13M to $1.25M: 7 salesMedian $515k

What the numbers say

As of October 5, 2026, Resideline is tracking 88 active listings and 6 pending sales in ZIP code 57702. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $589,950, while the median of the 177 closed sales Resideline tracked over the last six months was $515,000. 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 74 days.

Frequently asked questions

What is the median home price in 57702?

The median closed sale price in Rapid City, SD 57702 was $515,000 over the last six months, based on 177 closed sales tracked by Resideline. The middle half of those sales ranged from $375,000 to $765,000.

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

Resideline is currently tracking 6 pending sales against 88 active listings in 57702, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 57702 currently looks like a balanced market.

Nearby ZIP code market data

Full Rapid City, SD housing market report →

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