Is River Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, River Falls has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $255.7K | $290K | +13.4% |
3 Bedrooms | $325K | $359.9K | +10.8% |
4 Bedrooms | $429.9K | $427.5K | -0.6% |
5+ Bedrooms | $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 | $333K | $372K | +11.7% |
Troy | $560K | $598.9K | +6.9% |
Housing Supply in River Falls, WI
How many homes are available in River Falls, WI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
112 | 108 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 23 | -14.8% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 10 | 8 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 20 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 51 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
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.