Is Alexandria, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Alexandria was a Neutral Market.
Housing Prices in Alexandria, MN
How much do homes in Alexandria, MN cost?
Median Sold Price
$350,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alexandria was $350,000 in March 2024, up 21.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | $95K | -22.1% |
2 Bedrooms | $250K | $303.5K | +21.4% |
3 Bedrooms | $259K | $309.2K | +19.4% |
4 Bedrooms | $347.5K | $379.8K | +9.3% |
5+ Bedrooms | $557.5K | $525K | -5.8% |
Summary: Alexandria housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Alexandria | $287.6K | $350K | +21.7% |
Alexandria Township | $289.9K | $350.5K | +20.9% |
Housing Supply in Alexandria, MN
How many homes are available in Alexandria, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 109 | +23.9% |
Summary: The Alexandria real estate market had 109 homes for sale in March 2024, a 23.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Alexandria housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Alexandria in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Alexandria, MN
How long does it take to sell a home in Alexandria, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 32 Days | -56.1% |
Summary: Homes in Alexandria had an average of 32 days on market in Mar 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Alexandria; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.