Comprehensive market data and analysis• Updated Dec 2025
49.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 7 | 15 | 26 |
| 1-2 acres | - | 1 | 2 | 3 |
| 2-5 acres | - | - | 3 | 4 |
| 5-10 acres | 1 | 1 | 2 | 4 |
| 10-20 acres | - | - | 1 | 5 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 9 | 24 | 43 |
Acreage buckets
The median price for land in Rapid City, South Dakota is currently $206K per acre. For a typical parcel, the median sale price is $180K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $71K while premium lots reached $622K.
Rapid City, South Dakota is currently a strong buyer's market with 49.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 0.3% year-over-year.
Rapid City, South Dakota currently has 49.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Rapid City, South Dakota saw 47 properties sold, totaling $12.2M in sales volume. In just the last 3 months, 11 properties changed hands.
The current absorption rate in Rapid City, South Dakota is 2.0% (3-month basis), indicating slow demand. With depreciating values (-0.3% YoY), buyers may find value opportunities.
There are currently 181 active listings in Rapid City, South Dakota. 59 new listings have hit the market in the last 90 days. The median asking price is $93K.
The median land price in Rapid City, South Dakota stands at $180K. This translates to roughly $206K per acre for the typical parcel size. The average price is $260K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.