Housing Prices in Rainy Lake, MN

How much do homes in Rainy Lake, MN cost?

Median List Price

$289,900

$221/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

-$9,000(-3.0%)

Key Takeaway

The list price of homes in Rainy Lake has decreased by 3% since last year.

Summary: The median home list price in Rainy Lake was $289,900 in November 2024, down 3% from the previous year, and the median price per square foot was $221.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $139.5K$120K
-14.0%
2 $357.5K$325K
-9.1%
3 $319K$269.4K
-15.5%
4 $224.2K$419.9K
+87.2%
5+ $599K$647K
+8.0%

Summary: Rainy Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 87.2%, and 5+ bedroom homes increased by 8%.

Median List Price Compared To Nearby Cities

Kabetogama
+81.0%
International Falls
+0.7%
Rainy Lake
-3.0%

Housing Supply in Rainy Lake, MN

How many homes are available in Rainy Lake, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
15150.0%

Summary: The Rainy Lake real estate market had 15 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 44
0.0%
3 66
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Rainy Lake housing inventory by bedroom type for November 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

Nov 2023Nov 2024CHANGE
174 Days152 Days-12.7%

Summary: Homes in Rainy Lake had an average listing age of 152 days in Nov 2024, down by 12.7% compared to the previous year.

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

Report Updated 2 Days Ago

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Newest Listings in Rainy Lake, MN

Nearby Markets to Rainy Lake, MN

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 12/01/2022 - 12/01/2024

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 1:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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