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County Overview

Rice County, MN

Aggregate real estate market report across county ZIPs
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Rice County, MN real estate market currently shows 265 active listings, with 53 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 43 days last year.

The median listing price has risen 0.8% year-over-year, from $424,213 to $427,691.

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Market Context

Market Context

Population: 69,414  ·  Density: 66.3/mi²  ·  Median household income: $81,797

Typical home value: $284,479  ·  Homeownership: 75.9%

Included Areas

Dundas: 55019

Faribault: 55021

Lonsdale: 55046

Morristown: 55052

Nerstrand: 55053

Northfield: 55057

Warsaw: 55087

Webster: 55088

Area Map

Market Overview

Active Listings
265
⇧ 7.3% vs 247 last year
Pending
53
20% pending ratio
Median Price
$427,691
⇧ 0.8% vs $424,213 last year
Average Price
$527,165
⇧ 6.2% vs $496,363 last year
Days on Market
50
⇧ 16.3% vs 43 days last year

Price Per Square Foot

Median $/sqft
$190
⇩ 2.1% vs $194/sqft last year
Median Home Size
2,102 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.8%
Listings with no price change
Price Reduced
0.2%
⇩ 16% vs 0.2% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %