$4,156 Closing Credit*
$350,000
2,077 SqFt
3 Beds
•1 Full Bath
Listing Office: Property Executives Realty
Is River Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, River Falls was a Buyer's Market.
Key Takeaway
River Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in River Falls, WI
How much do homes in River Falls, WI cost?
Median Sold Price
$388,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,000(+2.1%)
Key Takeaway
Homes in River Falls have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in River Falls was $388,000 in November 2024, up 2.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $277.5K | $310K | +11.7% |
| 3 Bedrooms | $375K | $365K | -2.7% |
| 4 Bedrooms | $413.5K | $445K | +7.6% |
| 5+ Bedrooms | $449.9K | $476.5K | +5.9% |
Summary: River Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Troy | $625K | $655K | +4.8% |
| River Falls | $380K | $388K | +2.1% |
Housing Supply in River Falls, WI
How many homes are available in River Falls, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 162 | 154 | -4.9% |
Summary: The River Falls real estate market had 154 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 64 | 63 | -1.6% |
| 4 Bedrooms | 53 | 52 | -1.9% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The River Falls 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 18.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Falls, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in River Falls in November 2024, up by 5.9% month-over-month. Of the 36 sold homes, 53% were sold under asking, 19% were sold at asking, and 28% were sold over asking.
Days on Market for River Falls, WI
How long does it take to sell a home in River Falls, WI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 41 Days | -29.9% |
Summary: Homes in River Falls had an average of 41 days on market in Nov 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in River Falls are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in River Falls; 28% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
