Comprehensive market data and analysis• Updated Dec 2025
14.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 7 | 11 | 27 |
| 1-2 acres | - | 2 | 2 | 6 |
| 2-5 acres | 1 | 2 | 3 | 6 |
| 5-10 acres | 1 | 1 | 2 | 4 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | 2 | 3 | 4 | 6 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | 2 |
| TOTAL | 5 | 15 | 24 | 53 |
Acreage buckets
The median price for land in Rice County, Minnesota is currently $99K per acre. For a typical parcel, the median sale price is $120K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $43K while premium lots reached $363K.
Rice County, Minnesota is currently a strong buyer's market with 14.6 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 2.7% year-over-year.
Rice County, Minnesota currently has 14.6 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The current absorption rate in Rice County, Minnesota is 6.8% (3-month basis), indicating slow demand. With appreciating values (+2.7% YoY), the market shows growth potential. The top-performing broker in this market is Weichert, REALTORS- Heartland.
Over the past 12 months, Rice County, Minnesota saw 53 properties sold, totaling $11.8M in sales volume. In just the last 3 months, 15 properties changed hands.
Land in Rice County, Minnesota typically sells within 174 days of listing. The median time on market is 41 days. Properties are moving slowly in the current strong buyer's market.
The median land price in Rice County, Minnesota stands at $120K. This translates to roughly $99K per acre for the typical parcel size. The average price is $223K, indicating some higher-priced properties pulling up the average.
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.
