Is Ada, 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, Ada was a Neutral Market.
Housing Prices in Ada, MN
How much do homes in Ada, MN cost?
Median Sold Price
$166,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ada was $166,000 in April 2024, up 95.3% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41.5K | $90K | +116.9% |
2 Bedrooms | $87.4K | $148.4K | +69.8% |
3 Bedrooms | $80K | $147.5K | +84.4% |
4 Bedrooms | $129.2K | $168.9K | +30.7% |
5+ Bedrooms | $454.9K | $245K | -46.1% |
Summary: Ada housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.9%, 2 bedroom homes increased by 69.8%, 3 bedroom homes increased by 84.4%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 46.1%.
Housing Supply in Ada, MN
How many homes are available in Ada, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Summary: The Ada real estate market had 11 homes for sale in April 2024, a 37.5% increase 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 | 0 | 2 | +100.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Ada 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Ada in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Ada, MN
How long does it take to sell a home in Ada, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
141 Days | 14 Days | -90.1% |
Summary: Homes in Ada had an average of 14 days on market in Apr 2024, down by 90.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Ada; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.