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Thursday, July 21, 2016

June 2016 Real Estate Market Conditions Report

Rapid City, South Dakota & Surrounding Area

The average price of a single family home sold in the Rapid City and surrounding area is $225,628 which is up from $218,727, with an average of 34 days on the market, down from 40 days this time last year. Sellers have been receiving 98.36% of current listing price which is up from 97.86% in June 2015. During the month of June 2016 there were 118 new residential listings in Rapid City. The total number of homes for sale was 318 as compared to 318 last month. 91 homes have sold compared to 99 in May.

Box Elder, South Dakota & Ellsworth Air Force Base Area

During the month of June 2016 there were 24 new residential listings in and around the Box Elder and EAFB area. The total number of homes for sale was 61 compared to 60 last month. 22 homes have sold compared to 17 in May.

Black Hawk, South Dakota Area

During the month of June 2016 there were 26 new residential listings in and around the Black Hawk area. The total number of homes for sale was 78 compared to 79 last month. 23 homes have sold compared to 26 in May.