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Rapid City, SD 57702 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Rapid City, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 9393PendingPending sales: 99
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): $560k$560kSoldMedian sold price (last 6 months): $515k$515k
What homes actually sell for in Rapid City, SD
Distribution of 164 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $380k to $765k
$295k to $414k: 48 sales48sales$295k$414k to $534k: 32 sales$534k to $653k: 20 sales$534k$653k to $772k: 17 sales$772k to $892k: 13 sales$772k$892k to $1.01M: 9 sales$1.01M to $1.13M: 4 sales$1.01M$1.13M to $1.25M: 4 salesMedian $515k

What the numbers say

As of September 14, 2026, Resideline is tracking 93 active listings and 9 pending sales in ZIP code 57702. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $559,900, while the median of the 164 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 67 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 164 closed sales tracked by Resideline. The middle half of those sales ranged from $379,900 to $765,000.

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

Resideline is currently tracking 9 pending sales against 93 active listings in 57702, a pending-to-active ratio of 0.10. 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

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