Is River Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$380,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in River Falls have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in River Falls was $380,500 in May 2024, up 8.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $300K | +15.4% |
| 3 Bedrooms | $335K | $370K | +10.4% |
| 4 Bedrooms | $410K | $435K | +6.1% |
| 5+ Bedrooms | $460K | $449.9K | -2.2% |
Summary: River Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Troy | $580K | $633.5K | +9.2% |
| River Falls | $351K | $380.5K | +8.4% |
Housing Supply in River Falls, WI
How many homes are available in River Falls, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 140 | +25.0% |
Summary: The River Falls real estate market had 140 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 52 | 69 | +32.7% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The River Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Falls, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in River Falls in May 2024, up by 35.0% month-over-month. Of the 27 sold homes, 19% were sold under asking, 44% were sold at asking, and 37% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 66 Days | +18.3% |
Summary: Homes in River Falls had an average of 66 days on market in May 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Falls are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in River Falls; 30% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
