Is River Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, River Falls was a Seller's Market.
Housing Prices in River Falls, WI
How much do homes in River Falls, WI cost?
Median Sold Price
$380,166
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in River Falls was $380,166 in April 2024, up 11.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $300K | +20.0% |
3 Bedrooms | $330K | $372K | +12.7% |
4 Bedrooms | $409K | $432.5K | +5.7% |
5+ Bedrooms | $495K | $449.9K | -9.1% |
Summary: River Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
Troy | $550K | $640K | +16.4% |
River Falls | $339.9K | $380.1K | +11.8% |
Housing Supply in River Falls, WI
How many homes are available in River Falls, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 117 | +3.5% |
Summary: The River Falls real estate market had 117 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 59 | 55 | -6.8% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The River Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 19 | -40.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in River Falls in April 2024, down by 40.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 72 Days | +46.1% |
Summary: Homes in River Falls had an average of 72 days on market in Apr 2024, up by 46.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in River Falls; 32% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.