$4,691 Closing Credit*
$395,000
2,284 SqFt
4 Beds
•1 Full Bath
#6632386, Betty Most-Baugher, Listing Office: Edina Realty, Inc.
Is River Falls, 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, River Falls has remained a Seller'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
$388,950
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,950(+3.7%)
Key Takeaway
Homes in River Falls have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in River Falls was $388,950 in October 2024, up 3.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $315K | +14.5% |
| 3 Bedrooms | $375K | $365.5K | -2.5% |
| 4 Bedrooms | $410K | $445K | +8.5% |
| 5+ Bedrooms | $449.9K | $510K | +13.4% |
Summary: River Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Troy | $604.4K | $680K | +12.5% |
| River Falls | $375K | $388.9K | +3.7% |
Housing Supply in River Falls, WI
How many homes are available in River Falls, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 170 | +0.6% |
Summary: The River Falls real estate market had 170 homes for sale in October 2024, a 0.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 64 | 66 | +3.1% |
| 4 Bedrooms | 55 | 58 | +5.5% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The River Falls 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 remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 32 | -27.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 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. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in River Falls in October 2024, down by 27.3% month-over-month. Of the 32 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 49 Days | +77.2% |
Summary: Homes in River Falls had an average of 49 days on market in Oct 2024, up by 77.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in River Falls has remained consistent over time.
Summary: During October 2024, 32 homes were sold in River Falls; 22% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
