Is Rapid City East, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rapid City East is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Rapid City East has remained a Buyer's Market.

Key Takeaway

Rapid City East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rapid City East, SD

How much do homes in Rapid City East, SD cost?

Median Sold Price

$675,000

$245/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$272,100(+67.5%)

Key Takeaway

Homes in Rapid City East have sold for 67.5% more than they did a month ago.

Summary: The median home sold price in Rapid City East was $675,000 in September 2024, up 67.5% from last month, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $402.9K-
N/A
3 --
N/A
4 -$675K
N/A
5+ --
N/A

Summary: Rapid City East housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rapid City East, SD

How many homes are available in Rapid City East, SD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1112+9.1%

Summary: The Rapid City East real estate market had 12 homes for sale in September 2024, a 9.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 23
+50.0%
4 55
0.0%
5+ 23
+50.0%

Summary: The Rapid City East housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rapid City East, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Rapid City East in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Rapid City East, SD

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Rapid City East, SD

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