May 2015 Real Estate Market Reports For Rapid City & Surrounding Area
By Duane Hosek
(Coldwell Banker - Lewis-Kirkeby-Hall)
Rapid City, South Dakota & Surrounding AreaThe average price of a single family home sold in the Rapid City and surrounding area is $224,998 which is up from $208,895, with an average of 39 days on the market, down from 53 days this time last year. Sellers have been receiving 99.18% of current listing price which is up from 98.13% in May 2014. During the month of May 2015 there were 144 new residential listings in Rapid City. The total number of homes for sale was 348 as compared to 346 last month. 103 homes have sold compared to 93 in April.Box Elder, South Dakota & Ellsworth Air Force BaseDuring the month of May 2015 there were 23 new residential listings in and around the Box Elder and EAFB area. The total number of homes for sale was 77 compared to 73 last month. 14 homes have sold ...
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