Is Rapid City, MI 49676 a buyer’s or seller’s market?
Rapid City is a buyer’s market. With about 7.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #510 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Rapid City housing market right now
In the three months ending August 31, 2026, 0% of homes in Rapid City, MI 49676 sold above their list price, the typical home went under contract in 90 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (39 days then) and the median sale price rose 30% to $539,766. Overall, Rapid City is less competitive than a year ago, which gives buyers more room.
On our competition score, Rapid City ranks #510 of 510 MI ZIP codes with enough sales (score 4 out of 100).
Nearby, Fife Lake 49633 (44% sold over asking) and Kalkaska 49646 (20% sold over asking) are even more competitive.
Run the numbers for 49676
Nearby markets
Fife Lake 49633Balanced $225 /sq ftKalkaska 49646Buyer’s market $206 /sq ftSouth Boardman 49680Balanced $193 /sq ft Browse all markets →Towns like Rapid City nearby
Find towns like Rapid City in other states →Where Rapid City is
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Questions about Rapid City real estate
Is Rapid City a buyer’s or seller’s market?
A buyer’s market: there were 7.1 months of supply in Rapid City, MI 49676 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Rapid City?
The typical home went under contract in 90 days in the latest three months.
Do homes in Rapid City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.
What are property taxes in Rapid City?
About 0.87% of a home’s value a year in Kalkaska County, or roughly $3,480 on a $400,000 home.
What is the median home price in Rapid City?
The median sale price was $539,766 in the three months ending August 31, 2026, about $290 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology