Housing Prices in Rainy Lake, MN
How much do homes in Rainy Lake, MN cost?
Median List Price
$299,000
$221/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Summary: The median home list price in Rainy Lake was $299,000 in March 2024, up 4% from the previous year, and the median price per square foot was $221.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $229K | +36.7% |
2 Bedrooms | $182.4K | $357.5K | +95.9% |
3 Bedrooms | $344.5K | $339K | -1.6% |
4 Bedrooms | $431.5K | $224.2K | -48.0% |
5+ Bedrooms | $299.4K | $448.9K | +49.9% |
Summary: Rainy Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 95.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 48%, and 5+ bedroom homes increased by 49.9%.
Median List Price Compared To Nearby Cities
Rainy Lake | $287.5K | $299K | +4.0% |
International Falls | $154K | $159.4K | +3.5% |
Housing Supply in Rainy Lake, MN
How many homes are available in Rainy Lake, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Rainy Lake real estate market had 12 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rainy Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Rainy Lake, MN
How long does it take to sell a home in Rainy Lake, MN?
Average Listing Age
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
240 Days | 230 Days | -4.1% |
Summary: Homes in Rainy Lake had an average listing age of 230 days in Mar 2024, down by 4.1% compared to the previous year.