October 2015 Real Estate Market Conditions Report
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 $224,937 which is up from $209,897, with an average of 52 days on the market, down from 59 days this time last year. Sellers have been receiving 97.94% of current listing price which is down from 98.24% in October 2014. During the month of October 2015 there were 102 new residential listings in Rapid City. The total number of homes for sale was 343 as compared to 349 last month. 72 homes have sold compared to 82 in September.Box Elder, South Dakota & Ellsworth Air Force Base AreaDuring the month of October 2015 there were 14 new residential listings in and around the Box Elder and EAFB area. The total number of homes for sale was 81 compared to 81 last mont...
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