$5,580 Closing Credit*
$469,900
3,242 SqFt
#1587468, Joshua Amys, Listing Office: Keller Williams Realty Diversified
Is Rice Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Rice Lake has remained a Seller's Market.
Key Takeaway
Rice Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rice Lake, WI
How much do homes in Rice Lake, WI cost?
Median Sold Price
$254,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,500(-9.1%)
Key Takeaway
Homes in Rice Lake have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in Rice Lake was $254,500 in October 2024, down 9.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.9K | $85K | -41.4% |
| 2 Bedrooms | $219.9K | $182.5K | -17.0% |
| 3 Bedrooms | $244.7K | $240K | -1.9% |
| 4 Bedrooms | $290K | $284.9K | -1.7% |
| 5+ Bedrooms | $340K | $470K | +38.2% |
Summary: Rice Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Cities
| Stanley | $237.5K | $255K | +7.4% |
| Rice Lake | $280K | $254.5K | -9.1% |
Housing Supply in Rice Lake, WI
How many homes are available in Rice Lake, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 114 | +1.8% |
Summary: The Rice Lake real estate market had 114 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Rice Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Rice Lake in October 2024, down by 8.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 5% were sold at asking, and 45% were sold over asking.
Days on Market for Rice Lake, WI
How long does it take to sell a home in Rice Lake, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 20 Days | -72.5% |
Summary: Homes in Rice Lake had an average of 20 days on market in Oct 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
2 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 Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Rice Lake; 9% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
