Is Corcoran, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Corcoran was a Seller's Market.
Housing Prices in Corcoran, MN
How much do homes in Corcoran, MN cost?
Median Sold Price
$535,635
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Corcoran was $535,635 in April 2024, down 7.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $437.9K | N/A |
2 Bedrooms | $488K | $485K | -0.6% |
3 Bedrooms | $505K | $452.4K | -10.4% |
4 Bedrooms | $631.8K | $602.5K | -4.6% |
5+ Bedrooms | $690K | $715K | +3.6% |
Summary: Corcoran housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Maple Grove | $400K | $399.9K | 0% |
Hamel | $657K | $649.9K | -1.1% |
Rogers | $450K | $439.8K | -2.3% |
Hanover | $436.9K | $426.5K | -2.4% |
Corcoran | $580K | $535.6K | -7.6% |
Housing Supply in Corcoran, MN
How many homes are available in Corcoran, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 150 | +33.9% |
Summary: The Corcoran real estate market had 150 homes for sale in April 2024, a 33.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 38 | 50 | +31.6% |
4 Bedrooms | 28 | 44 | +57.1% |
5+ Bedrooms | 21 | 32 | +52.4% |
Summary: The Corcoran housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 52.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 16 | -36.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Corcoran in April 2024, down by 36.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 69% were sold at asking, and 6% were sold over asking.
Days on Market for Corcoran, MN
How long does it take to sell a home in Corcoran, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 16 Days | -51.6% |
Summary: Homes in Corcoran had an average of 16 days on market in Apr 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Corcoran; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.