$5,580 Closing Credit*
$469,900
3,242 SqFt
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 November 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
$263,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-4.4%)
Key Takeaway
Homes in Rice Lake have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Rice Lake was $263,000 in November 2024, down 4.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.4K | $85K | -62.6% |
| 2 Bedrooms | $216K | $182.5K | -15.5% |
| 3 Bedrooms | $248K | $245K | -1.2% |
| 4 Bedrooms | $290K | $279.9K | -3.5% |
| 5+ Bedrooms | $340K | $368.5K | +8.4% |
Summary: Rice Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.6%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Stanley | $225K | $265K | +17.8% |
| Rice Lake | $275K | $263K | -4.4% |
Housing Supply in Rice Lake, WI
How many homes are available in Rice Lake, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 99 | -10.0% |
Summary: The Rice Lake real estate market had 99 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 45 | 39 | -13.3% |
| 4 Bedrooms | 38 | 35 | -7.9% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Rice Lake 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 5.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rice Lake, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Rice Lake in November 2024, down by 26.1% month-over-month. Of the 17 sold homes, 35% were sold under asking, 47% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 20 Days | -57.0% |
Summary: Homes in Rice Lake had an average of 20 days on market in Nov 2024, down by 57% 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 November 2024, 17 homes were sold in Rice Lake; 12% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
