Is Rice Lake, WI 54868 a buyer’s or seller’s market?

The Rice Lake housing market right now

In the three months ending August 31, 2026, 16% of homes in Rice Lake, WI 54868 sold above their list price, the typical home went under contract in 71 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 57 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (49 days then) and the median sale price fell 2% to $298,871. Overall, Rice Lake is less competitive than a year ago, which gives buyers more room.

Within Barron County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Rice Lake ranks #292 of 319 WI ZIP codes with enough sales (score 33 out of 100).

Nearby, buyers who want less competition could look at Haugen 54841 (0% sold over asking) or Clayton 54004 (0% sold over asking), while Dallas 54733 (67% sold over asking) and Prairie Farm 54762 (67% sold over asking) are even more competitive.