Is Rice, MN 56367 a buyer’s or seller’s market?
Rice is a seller’s market. With about 2.4 months of supply and 29% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 67% of U.S. ZIP codes, and #175 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Rice housing market right now
In the three months ending August 31, 2026, 29% of homes in Rice, MN 56367 sold above their list price, the typical home went under contract in 28 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 32 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 32%, homes sold faster (38 days then) and the median sale price rose 7% to $319,862. Overall, Rice is about as competitive as it was a year ago.
On our competition score, Rice ranks #175 of 296 MN ZIP codes with enough sales (score 64 out of 100).
Nearby, buyers who want less competition could look at Foley 56329 (21% sold over asking), while Oak Park 56357 (100% sold over asking) and Sauk Rapids 56379 (32% sold over asking) are even more competitive.
Run the numbers for 56367
Nearby markets
Foley 56329Seller’s market $176 /sq ftOak Park 56357Buyer’s market $299 /sq ftSauk Rapids 56379Seller’s market $161 /sq ft Browse all markets →Towns like Rice nearby
Find towns like Rice in other states →Where Rice is
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Questions about Rice real estate
Is Rice a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Rice, MN 56367 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Rice?
The typical home went under contract in 28 days in the latest three months.
Do homes in Rice sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Rice?
About 0.98% of a home’s value a year in Benton County, or roughly $3,920 on a $400,000 home.
What is the median home price in Rice?
The median sale price was $319,862 in the three months ending August 31, 2026, about $227 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology