November 2009 Market Statistics for Rapid City, South Dakota Gateway of the Black Hills of South Dakota

During the month of October, 2009 there were 52 new residential listings in and around the Rapid City area as compared to 96 last month. The total # of homes for sale is 371 as compared to 443 last month, which reflects single family homes only. And 70 homes have sold or are under contract as compared to 58 homes last month. Avg. price of a home in the Black Hills is $210,803 as compared to $175,139 last month with an average of 81 days on the market as compared to 76 last month. Sellers have been receiving 95.12% of their asking price as compared to 96.79% last month.

ZIP Codes: 57701, 57702, 57703, 57709

Location Characteristics: Rapid City is located in the beautiful Black Hills of South Dakota. We are famous for the Mount Rushmore National Monument and for the millions of pine trees that make the Hills look Black. Crazy Horse Memorial is also being carved into a mountain in this area. Our city of 72,000 people has alot of big city amenities with a small time feel. Please visit, enjoy, and live here in the tranquil beauty of the Black Hills