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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Rapid City metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. Sheridan Lake Road (Colonial Pine Hills, SD)

Median sale price: $574,000 | Median days on market: 78 days

1714 Sheridan Lake Rd, Rapid City, SD 57702
- List price: $245,000
- Beds: 4 | Baths: 1 | Square feet: 1,356
- See 1714 Sheridan Lake Rd, Rapid City, SD 57702 on

3022 Player Dr, Rapid City, SD 57702
- List price: $620,000
- Beds: 4 | Baths: 3.5 | Square feet: 3,009
- See 3022 Player Dr, Rapid City, SD 57702 on

5635 Sunburst Dr, Rapid City, SD 57702
- List price: $799,000
- Beds: 4 | Baths: 3.5 | Square feet: 4,062
- See 5635 Sunburst Dr, Rapid City, SD 57702 on

6606 Dunsmore Rd, Rapid City, SD 57702
- List price: $499,000
- Beds: 5 | Baths: 3 | Square feet: 2,608
- See 6606 Dunsmore Rd, Rapid City, SD 57702 on

#2. Us Highway 16 (Rapid City, SD)

Median sale price: $445,000 | Median days on market: 73 days

3909 Ridgemoor Dr, Rapid City, SD 57702
- List price: $949,900
- Beds: 6 | Baths: 4.5 | Square feet: 5,155
- See 3909 Ridgemoor Dr, Rapid City, SD 57702 on

4215 Fairway Hills Dr, Rapid City, SD 57702
- List price: $339,900
- Beds: 2 | Baths: 2 | Square feet: 1,430
- See 4215 Fairway Hills Dr, Rapid City, SD 57702 on

4702 Primrose Pl, Rapid City, SD 57702
- List price: $319,000
- Beds: 2 | Baths: 2 | Square feet: 1,402
- See 4702 Primrose Pl, Rapid City, SD 57702 on

5556 Nugget Gulch Rd, Rapid City, SD 57702
- List price: $575,000
- Beds: 3 | Baths: 2 | Square feet: 1,748
- See 5556 Nugget Gulch Rd, Rapid City, SD 57702 on

#3. Northeast Rapid City (Rapid City, SD)

Median sale price: $380,000 | Median days on market: 78 days

222 E Bengal Dr, Rapid City, SD 57701
- List price: $450,000
- Beds: 5 | Baths: 3 | Square feet: 2,446
- See 222 E Bengal Dr, Rapid City, SD 57701 on

321 E Bengal Dr, Rapid City, SD 57701
- List price: $424,000
- Beds: 4 | Baths: 3 | Square feet: 2,085
- See 321 E Bengal Dr, Rapid City, SD 57701 on

4406 Three Rivers Dr, Rapid City, SD 57701
- List price: $359,000
- Beds: 4 | Baths: 2 | Square feet: 1,628
- See 4406 Three Rivers Dr, Rapid City, SD 57701 on

4923 Tupelo Dr, Rapid City, SD 57701
- List price: $369,900
- Beds: 3 | Baths: 3 | Square feet: 1,966
- See 4923 Tupelo Dr, Rapid City, SD 57701 on

#4. Southeast Connector (Rapid City, SD)

Median sale price: $375,000 | Median days on market: 76 days

3025 Olive Grove Ct, Rapid City, SD 57703
- List price: $449,900
- Beds: 3 | Baths: 2 | Square feet: 1,659
- See 3025 Olive Grove Ct, Rapid City, SD 57703 on

3034 Olive Grove Ct, Rapid City, SD 57703
- List price: $449,000
- Beds: 2 | Baths: 2 | Square feet: 1,504
- See 3034 Olive Grove Ct, Rapid City, SD 57703 on

3123 Caymus Dr, Rapid City, SD 57703
- List price: $449,950
- Beds: 2 | Baths: 2 | Square feet: 1,328
- See 3123 Caymus Dr, Rapid City, SD 57703 on

3852 Pebble Beach Ct, Rapid City, SD 57703
- List price: $355,000
- Beds: 2 | Baths: 2 | Square feet: 1,164
- See 3852 Pebble Beach Ct, Rapid City, SD 57703 on

#5. South Robbinsdale (Rapid City, SD)

Median sale price: $364,000 | Median days on market: 65 days

137 Savoy Cir, Rapid City, SD 57701
- List price: $399,900
- Beds: 2 | Baths: 2 | Square feet: 1,060
- See 137 Savoy Cir, Rapid City, SD 57701 on

17 Fairmont Blvd, Rapid City, SD 57701
- List price: $229,000
- Beds: 3 | Baths: 1 | Square feet: 912
- See 17 Fairmont Blvd, Rapid City, SD 57701 on

3306 Maple Ave, Rapid City, SD 57701
- List price: $224,000
- Beds: 3 | Baths: 1 | Square feet: 912
- See 3306 Maple Ave, Rapid City, SD 57701 on

605 Enchanted Pines Dr, Rapid City, SD 57701
- List price: $799,000
- Beds: 5 | Baths: 3 | Square feet: 3,350
- See 605 Enchanted Pines Dr, Rapid City, SD 57701 on