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Monday, June 27, 2016

May 2016 Real Estate Market Condition Reports For Rapid City, SouthDakota & Surrounding Black Hills Area

 

Rapid City, South Dakota & Surrounding Black Hills Area

 

The average price of a single family home sold in the Rapid City and surrounding area is $245,471 which is up from $224,998, with an average of 47 days on the market, up from 39 days this time last year. Sellers have been receiving 97.79% of current listing price which is down from 99.18% in May 2015. During the month of May 2016 there were 143 new residential listings in Rapid City. The total number of homes for sale was 329 as compared to 304 last month. 91 homes have sold compared to 84 in April.

 

Black Hawk, South Dakota Area

 

During the month of May 2016 there were 32 new residential listings in and around the Black Hawk area. The total number of homes for sale was 79 compared to 76 last month. 26 homes have sold compared to 16 in April.

 

Box Elder, South Dakota & Ellsworth Air Force Base Area

 

During the month of May 2016 there were 17 new residential listings in and around the Box Elder and EAFB area. The total number of homes for sale was 60 compared to 68 last month. 17 homes have sold compared to 12 in April.