$1,232,000
12.32 Acres
Land
Casey Knutson Carbert, Listing Office: Edmunds Company, LLP
Is Rice Lake Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rice Lake Township has remained a Seller's Market.
Key Takeaway
Rice Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rice Lake Township, MN
How much do homes in Rice Lake Township, MN cost?
Median Sold Price
$260,000
$250/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$109,000(-29.5%)
Key Takeaway
Homes in Rice Lake Township have sold for 29.5% less than they did a month ago.
Summary: The median home sold price in Rice Lake Township was $260,000 in November 2024, down 29.5% from last month, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $369K | $210K | -43.1% |
| 3 Bedrooms | $494.2K | $345K | -30.2% |
| 4 Bedrooms | - | $260K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rice Lake Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.1%, 3 bedroom homes decreased by 30.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Rice Lake Township, MN
How many homes are available in Rice Lake Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Rice Lake Township real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rice Lake Township 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 decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice Lake Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Rice Lake Township in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Rice Lake Township, MN
How long does it take to sell a home in Rice Lake Township, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 48 Days | +253.7% |
Summary: Homes in Rice Lake Township had an average of 48 days on market in Nov 2024, up by 253.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rice Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Rice Lake Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
