$1,364 Closing Credit*
$114,900
810 SqFt
2 Beds
•1 Full Bath
#1586390, Scott Rohde, Listing Office: Associated Realty LLC
Is Rice Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Rice Lake has remained a Seller's Market.
Key Takeaway
Rice Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rice Lake, WI
How much do homes in Rice Lake, WI cost?
Median Sold Price
$260,000
$142/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since September 2023.
Key Takeaway
The sold price of homes in Rice Lake has remained the same since last year.
Summary: The median home sold price in Rice Lake was $260,000 in September 2024, the same as last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.9K | $85K | -41.4% |
| 2 Bedrooms | $217.9K | $185K | -15.1% |
| 3 Bedrooms | $240K | $250K | +4.2% |
| 4 Bedrooms | $290K | $290K | 0.0% |
| 5+ Bedrooms | $340K | $470K | +38.2% |
Summary: Rice Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 38.2%.
Housing Supply in Rice Lake, WI
How many homes are available in Rice Lake, WI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 127 | 112 | -11.8% |
Summary: The Rice Lake real estate market had 112 homes for sale in September 2024, a 11.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 63 | 51 | -19.0% |
| 4 Bedrooms | 33 | 34 | +3.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Rice Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 39 | 23 | -41.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice Lake, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Rice Lake in September 2024, down by 41.0% month-over-month. Of the 23 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for Rice Lake, WI
How long does it take to sell a home in Rice Lake, WI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 Days | +31.6% |
Summary: Homes in Rice Lake had an average of 37 days on market in Sep 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rice Lake are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 23 homes were sold in Rice Lake; 4% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
