$3,086 Closing Credit*
$259,900
1,844 SqFt
3 Beds
•1 Full Bath
Listing Office: John Russell Real Estate Inc.
Is Rice Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rice Township was a Neutral Market.
Key Takeaway
Rice Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rice Township, MN
How much do homes in Rice Township, MN cost?
Median Sold Price
$323,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,050(+10.6%)
Key Takeaway
Homes in Rice Township have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Rice Township was $323,500 in October 2024, up 10.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $257.4K | $325K | +26.3% |
| 3 Bedrooms | $300K | $289.4K | -3.5% |
| 4 Bedrooms | $292.4K | $330K | +12.8% |
| 5+ Bedrooms | $450K | $463.8K | +3.1% |
Summary: Rice Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Rice Township, MN
How many homes are available in Rice Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Summary: The Rice Township real estate market had 26 homes for sale in October 2024, a 36.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 12 | +100.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rice Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Rice Township in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Rice Township, MN
How long does it take to sell a home in Rice Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 18 Days | -69.2% |
Summary: Homes in Rice Township had an average of 18 days on market in Oct 2024, down by 69.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rice Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Rice Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
