Is First Assessment, 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, First Assessment was a Buyer's Market.
Housing Prices in First Assessment, MN
How much do homes in First Assessment, MN cost?
Median Sold Price
$375,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in First Assessment was $375,000 in April 2024, up 5.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319.9K | $150K | -53.1% |
2 Bedrooms | $275K | $325K | +18.2% |
3 Bedrooms | $350K | $357.5K | +2.1% |
4 Bedrooms | $485K | $400K | -17.5% |
5+ Bedrooms | $662.7K | $685.8K | +3.5% |
Summary: First Assessment housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in First Assessment, MN
How many homes are available in First Assessment, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 39 | -11.4% |
Summary: The First Assessment real estate market had 39 homes for sale in April 2024, a 11.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 6 | -45.5% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The First Assessment housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 45.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in First Assessment in April 2024, the same as the previous month. Of the 10 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% were sold over asking.
Days on Market for First Assessment, MN
How long does it take to sell a home in First Assessment, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 23 Days | -9.2% |
Summary: Homes in First Assessment had an average of 23 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in First Assessment; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.