Is Cologne, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cologne has remained a Buyer's Market.
Housing Prices in Cologne, MN
How much do homes in Cologne, MN cost?
Median Sold Price
$403,062
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cologne was $403,062 in March 2024, down 0.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $312K | $295K | -5.4% |
3 Bedrooms | $401.9K | $398.2K | -0.9% |
4 Bedrooms | $434.7K | $403.5K | -7.2% |
5+ Bedrooms | - | $465K | N/A |
Summary: Cologne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes did not change.
Housing Supply in Cologne, MN
How many homes are available in Cologne, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 41 | +28.1% |
Summary: The Cologne real estate market had 41 homes for sale in March 2024, a 28.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cologne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
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 Cologne in March 2024, down by 66.7% month-over-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 Cologne, MN
How long does it take to sell a home in Cologne, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
133 Days | 149 Days | +12.0% |
Summary: Homes in Cologne had an average of 149 days on market in Mar 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Cologne; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.