Current Market Conditions

Residential:
Currently there are 641 active residential listings. 1,486 new listings have been reported year to date with 868 listings sold. The average sale price is $124,353 with an average of 113 days on the market. The percent of list price year to date is averaging 97.73%.

Unimproved Land:
Currently there are 584 active land listings. 491 new listings have been reported year to date with 176 sold. The average sale price is $65,158 with an average of 249 days on the market. The percent of list price year to date is averaging 83.38%.

Commercial Property:
Currently there are 101 active commercial listings. 89 new listings have been reported year to date with 22 sold. The average sale price is $525,458 with an average of 234 days on the market. The percent of list price year to date is averaging 87.99%.

Business/Industry:
Currently there are 76 active business listings. 53 new listings have been reported year to date with 13 sold. The average sale price is $265,221 with an average of 299 days on the market. The percent of list price year to date is averaging 89.63%.

 

 

Tom Rau , RE/MAX of Rapid City • 1240 Jackson Blvd. • Rapid City, South Dakota • 57702
24 Hour Office Phone (605) 341-4300 Ext. 233 • Fax (605) 341-3460 • Email: TRAU222057@aol.com