Is River Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$375,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in River Falls have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in River Falls was $375,000 in March 2024, up 12.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250.5K | $297.5K | +18.8% |
| 3 Bedrooms | $325K | $361.3K | +11.2% |
| 4 Bedrooms | $401K | $428.7K | +6.9% |
| 5+ Bedrooms | $460K | $450K | -2.2% |
Summary: River Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| River Falls | $334K | $375K | +12.2% |
| Troy | $550K | $545K | -0.9% |
Housing Supply in River Falls, WI
How many homes are available in River Falls, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 114 | +7.5% |
Summary: The River Falls real estate market had 114 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 49 | 56 | +14.3% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The River Falls 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 decreased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 30 | +50.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Falls, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in River Falls in March 2024, up by 50.0% month-over-month. Of the 30 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 85 Days | +57.5% |
Summary: Homes in River Falls had an average of 85 days on market in Mar 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Falls are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in River Falls; 23% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
