Market Statistics for Rapid City Real Estate

In the Rapid City real estate market there were a total of 1,004 sales in September 2009. The average selling price for that period for residential homes was $172,552.

The average days on market (DOM) for sold residential listings was 72 days. Average DOM for new construction was 128 days and the average DOM for townhomes in September was 76 days.

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About Rapid City

Rapid City is the second-largest city in the U.S. state of South Dakota, and the county seat of Pennington County. Named after the Rapid Creek on which the city is established, it is set against the eastern slope of the Black Hills mountain range. Rapid City had a population of 59,607 at the 2000 census. Rapid City is known as the "Gateway to the Black Hills" and the "Star of the West". The city is divided by a mountain range that splits the western and eastern parts of the city into two.