Comprehensive market data and analysis• Updated Dec 2025
6.8 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 3 | 4 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | 2 | 2 | 3 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 0 | 4 | 9 | 15 |
Acreage buckets
The median price for land in Rice, Minnesota is currently $53K per acre. For a typical parcel, the median sale price is $230K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $50K while premium lots reached $483K.
Rice, Minnesota is currently a balanced market with 6.8 months of supply. Conditions favor neither buyers nor sellers significantly.
Rice, Minnesota currently has 6.8 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The current absorption rate in Rice, Minnesota is 14.8% (3-month basis), indicating moderate demand. The top-performing broker in this market is RE/MAX Results.
The median land price in Rice, Minnesota stands at $230K. This translates to roughly $53K per acre for the typical parcel size. The average price is $263K, indicating some higher-priced properties pulling up the average.
There are currently 9 active listings in Rice, Minnesota. 3 new listings have hit the market in the last 90 days. The median asking price is $200K.
Over the past 12 months, Rice, Minnesota saw 15 properties sold, totaling $4.0M in sales volume. In just the last 3 months, 4 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
