Is River Falls, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing River Falls is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, River Falls has remained a Seller's Market.

Key Takeaway

River Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in River Falls, WI

How much do homes in River Falls, WI cost?

Median Sold Price

$372,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$39,000(+11.7%)

Key Takeaway

Homes in River Falls have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in River Falls was $372,000 in February 2024, up 11.7% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $255.7K$290K
+13.4%
3 $325K$359.9K
+10.8%
4 $429.9K$427.5K
-0.6%
5+ $484.9K$449.9K
-7.2%

Summary: River Falls housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

River Falls
+11.7%
Troy
+6.9%

Housing Supply in River Falls, WI

How many homes are available in River Falls, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
112108-3.6%

Summary: The River Falls real estate market had 108 homes for sale in February 2024, a 3.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2723
-14.8%
3 5050
0.0%
4 2527
+8.0%
5+ 108
-20.0%

Summary: The River Falls housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2320-13.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in River Falls, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in River Falls in February 2024, down by 13.0% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.

Days on Market for River Falls, WI

How long does it take to sell a home in River Falls, WI?

Average Sale Time

Feb 2023Feb 2024CHANGE
51 Days51 Days+0.8%

Summary: Homes in River Falls had an average of 51 days on market in Feb 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in River Falls are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 20 homes were sold in River Falls; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in River Falls, WI

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