$9,369 Closing Credit*
$789,000
4,465 SqFt
4 Beds
•3 Full Baths, 1 Partial
#1990641, Deb Mann, Listing Office: Shorewest, REALTORS
Is Rhinelander, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Rhinelander was a Seller's Market.
Key Takeaway
Rhinelander is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rhinelander, WI
How much do homes in Rhinelander, WI cost?
Median Sold Price
$305,500
$158/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$37,500(+14.0%)
Key Takeaway
Homes in Rhinelander have sold for 14% more than they did a month ago.
Summary: The median home sold price in Rhinelander was $305,500 in November 2024, up 14% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $268K | - | N/A |
| 3 Bedrooms | $410K | $305.5K | -25.5% |
| 4 Bedrooms | $562.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rhinelander 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 did not change, 3 bedroom homes decreased by 25.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pelican | $75K | $533K | +610.7% |
| Rhinelander | $268K | $305.5K | +14.0% |
Housing Supply in Rhinelander, WI
How many homes are available in Rhinelander, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Rhinelander real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Rhinelander housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rhinelander, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rhinelander in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rhinelander, WI
We’re sorry, we don't have information for this market at the moment
