Rapid City, SD (Metro) - Trend of Market Heat Index for All Homes (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the Market Heat Index for All Homes in the Rapid City, SD Metro in February 2026 was 54. The month over month percentage change (MoM) was 1.89%, and the year over year percentage change (YoY) was -1.82%.

The chart below shows the trend of the market heat index for the Rapid City, SD metro. The table below shows the trend of the market heat index, and the MoM and YoY percentage changes for the Rapid City, SD metro.

You can see similar information for other US metros, and for the United States.

Note: The Market Heat Index is a time series that captures the balance of for-sale supply and demand in a given market. A higher number means the market is more tilted in favor of sellers. It relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics. It is calculated for single-family and condo homes.

Data Source: Zillow.
Rapid City, SD (Metro) - Trend of Market Heat Index for All Homes
Rapid City, SD (Metro) - Trend of Market Heat Index for All Homes
1 – 10 of 98
Month Market Heat Index MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2018 42 NaN NaN
Feb 2018 45 7.14 NaN
Mar 2018 50 11.11 NaN
Apr 2018 53 6.00 NaN
May 2018 53 0.00 NaN
Jun 2018 51 -3.77 NaN
Jul 2018 50 -1.96 NaN
Aug 2018 50 0.00 NaN
Sep 2018 47 -6.00 NaN
Oct 2018 43 -8.51 NaN
Nov 2018 41 -4.65 NaN
Dec 2018 46 12.20 NaN
Jan 2019 51 10.87 21.43
Feb 2019 53 3.92 17.78
Mar 2019 55 3.77 10.00
Apr 2019 58 5.46 9.43
May 2019 57 -1.72 7.55
Jun 2019 54 -5.26 5.88
Jul 2019 54 0.00 8.00
Aug 2019 53 -1.85 6.00
Sep 2019 51 -3.77 8.51
Oct 2019 47 -7.84 9.30
Nov 2019 46 -2.13 12.20
Dec 2019 50 8.70 8.70
Jan 2020 55 10.00 7.84
Feb 2020 58 5.46 9.43
Mar 2020 59 1.72 7.27
Apr 2020 61 3.39 5.17
May 2020 57 -6.56 0.00
Jun 2020 59 3.51 9.26
Jul 2020 65 10.17 20.37
Aug 2020 70 7.69 32.08
Sep 2020 71 1.43 39.22
Oct 2020 71 0.00 51.06
Nov 2020 71 0.00 54.35
Dec 2020 73 2.82 46.00
Jan 2021 87 19.18 58.18
Feb 2021 95 9.20 63.79
Mar 2021 90 -5.26 52.54
Apr 2021 81 -10.00 32.79
May 2021 81 0.00 42.11
Jun 2021 81 0.00 37.29
Jul 2021 78 -3.70 20.00
Aug 2021 76 -2.56 8.57
Sep 2021 71 -6.58 0.00
Oct 2021 70 -1.41 -1.41
Nov 2021 73 4.29 2.82
Dec 2021 81 10.96 10.96
Jan 2022 87 7.41 0.00
Feb 2022 90 3.45 -5.26
Mar 2022 86 -4.44 -4.44
Apr 2022 81 -5.81 0.00
May 2022 78 -3.70 -3.70
Jun 2022 78 0.00 -3.70
Jul 2022 70 -10.26 -10.26
Aug 2022 60 -14.29 -21.05
Sep 2022 55 -8.33 -22.53
Oct 2022 55 0.00 -21.43
Nov 2022 56 1.82 -23.29
Dec 2022 57 1.79 -29.63
Jan 2023 61 7.02 -29.88
Feb 2023 68 11.48 -24.44
Mar 2023 73 7.35 -15.12
Apr 2023 69 -5.48 -14.81
May 2023 65 -5.80 -16.67
Jun 2023 62 -4.61 -20.51
Jul 2023 59 -4.84 -15.71
Aug 2023 57 -3.39 -5.00
Sep 2023 57 0.00 3.64
Oct 2023 52 -8.77 -5.45
Nov 2023 49 -5.77 -12.50
Dec 2023 51 4.08 -10.53
Jan 2024 57 11.77 -6.56
Feb 2024 61 7.02 -10.29
Mar 2024 63 3.28 -13.70
Apr 2024 62 -1.59 -10.14
May 2024 60 -3.23 -7.69
Jun 2024 58 -3.33 -6.45
Jul 2024 54 -6.90 -8.47
Aug 2024 53 -1.85 -7.02
Sep 2024 50 -5.66 -12.28
Oct 2024 50 0.00 -3.85
Nov 2024 46 -8.00 -6.12
Dec 2024 50 8.70 -1.96
Jan 2025 53 6.00 -7.02
Feb 2025 55 3.77 -9.84
Mar 2025 55 0.00 -12.70
Apr 2025 58 5.46 -6.45
May 2025 55 -5.17 -8.33
Jun 2025 50 -9.09 -13.79
Jul 2025 47 -6.00 -12.96
Aug 2025 45 -4.25 -15.09
Sep 2025 45 0.00 -10.00
Oct 2025 45 0.00 -10.00
Nov 2025 48 6.67 4.35
Dec 2025 49 2.08 -2.00
Jan 2026 53 8.16 0.00
Feb 2026 54 1.89 -1.82