$4,691 Closing Credit*
$395,000
2,304 SqFt
3 Beds
•2 Full Baths
Listing Office: Edina Realty, 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 November 2023
Since last year, Rice Township has remained a Seller's 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
$329,900
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+13.8%)
Key Takeaway
Homes in Rice Township have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Rice Township was $329,900 in November 2024, up 13.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $215K | -15.7% |
| 2 Bedrooms | $257.9K | $304.9K | +18.2% |
| 3 Bedrooms | $299.9K | $294.5K | -1.8% |
| 4 Bedrooms | $292.4K | $345K | +18.0% |
| 5+ Bedrooms | $450K | $431.3K | -4.1% |
Summary: Rice Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in Rice Township, MN
How many homes are available in Rice Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Rice Township real estate market had 22 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rice 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 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rice Township in November 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 47 Days | +305.4% |
Summary: Homes in Rice Township had an average of 47 days on market in Nov 2024, up by 305.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rice Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Rice Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
