How much is a home in 57701 worth?

The typical home value in 57701 is $301,412, up 1.2% over the past year as of 2026-08-01. The median list price is $359,700.

How long does it take to sell a home in 57701?

Homes in 57701 spend a median of 49 days on market as of 2026-08-01.

Is the 57701 housing market competitive for sellers?

There are 152 homes for sale with 64 new listings, and 18.3% of listings have had a price cut. Buyers have options, so sellers should price carefully.

Market Intelligence · SD / Rapid City

Rapid City, SD 57701 Housing Market

The typical home value in Rapid City's 57701 ZIP code is $301,412, up 1.2% over the past year. As of 2026-08-01, the median list price is $359,700 and homes spend a median of 49 days on market. There are 152 homes for sale.

Updated August 2026Median value$301K

The median home value in Rapid City, SD 57701 is $301K as of August 2026, up 1.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 57701 range

$277K to $326K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.2% over 12 months

Aug 2025$298K

Low $298KHigh $304K

Aug 2026$301K

The numbers

What is the 57701 housing market like?

As of August 2026

Typical home value

$301K

1.2%YoY

Median list price

$360K

1.7%MoM

Days on market

22.5%MoM

Homes for sale

152

2.0%MoM

Price cuts

18.3%

1.2%MoM

New listings

3.2%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 57701 home prices compare?

57701$301,412
Rapid City$358,905
South Dakota$302,982
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Rapid City: 3 ZIPs; South Dakota: 145 ZIPs; United States: 26,265 ZIPs).

Context

Home values in 57701 are holding steady, with the typical value of $301,412 up 1.2% over the past year. That is modest growth, not a surge. The median list price of $359,700 sits well above the typical value, which suggests sellers are aiming high on the upper end of the market. With 152 homes for sale and 64 new listings coming on as of 2026-08-01, buyers have real choice, and 18.3% of listings have taken a price cut. For a seller, the market is workable but not forgiving, so pricing right from day one matters more than testing the ceiling.

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