Rice County, MN Home Values & Market Trends
The median home price in Rice County, MN is $357,215. There were 1,146 home sales in Rice County, MN over the past 12 months. The median residential Rice County, MN home value for transactions over the previous year is $296,900. The number of current listings in Rice County, MN is 1,037, and the percentage of properties for sale is 1037.00%. The county has 22 foreclosures, 3 bank owned properties, 19 headed for auction, and 1,037 properties for sale.
Rice County, MN Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Faribault | $ 315,150 $ 224/sqft | Morristown | $ 313,651 $ 200/sqft |
| Northfield | $ 395,886 $ 255/sqft | Nerstrand | $ 356,829 $ 203/sqft |
| Lonsdale | $ 390,972 $ 264/sqft | Kilkenny | $ 415,847 $ 285/sqft |
| Dundas | $ 406,310 $ 236/sqft | Warsaw | $ 176,883 $ 156/sqft |
| Webster | $ 691,683 $ 386/sqft |
Housing Market Summary for Rice County, MN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $367K | $369.9K | 0.79% |
| Median Sold Price | $363.4K | $300.5K | -17.32% |
| Homes For Sale | 693 | 1,029 | 48.48% |
| Homes Sold | 410 | 448 | 9.27% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rice County, MN
Browse Homes in Rice County, MN
Rice County, MN home values range from $40,670 to $5,500,000. Nerstrand is the priciest city with a median listing home price of $799,000, and Warsaw is most affordable with average house prices of around $232,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Rice County, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Rice County, MN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rice County, MN ranges from the highest value of $389,562 in Faribault to the lowest value of $155,300 in Faribault. Bank owned homes and properties account for 0.20% of properties in Rice County, MN. There are 9 cities within Rice County, MN; Faribault containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsFaribault has 13 auction properties, the highest number of properties going to auction in a single city in the state of Rice County, MN. Auction homes and other auction properties account for 1.25% of all properties in Rice County, MN. There are 9 cities within Rice County, MN; of those cities, the median estimated home value for homes going to auction ranges from $362,598 in Lonsdale to the lowest value of $150,628 in Lonsdale.
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More Real Estate Resources for Rice County, MN
Guide for Rice County, MN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
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