$5,569 Closing Credit*
$469,000
3,800 SqFt
5 Beds
•2 Full Baths, 1 Partial
#1989295, Judy Mixis, 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 Buyer's Market.
Key Takeaway
Rhinelander is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rhinelander, WI
How much do homes in Rhinelander, WI cost?
Median Sold Price
$410,000
$241/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$95,000(+30.2%)
Key Takeaway
Homes in Rhinelander have sold for 30.2% more than they did a month ago.
Summary: The median home sold price in Rhinelander was $410,000 in October 2024, up 30.2% from last month, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $315K | $410K | +30.2% |
| 4 Bedrooms | - | $562.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rhinelander housing prices by bedroom type for October 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 increased by 30.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Rhinelander, WI
How many homes are available in Rhinelander, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Rhinelander real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rhinelander housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rhinelander, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rhinelander in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rhinelander, WI
We’re sorry, we don't have information for this market at the moment
