$6,444 Closing Credit*
$542,625
2,783 SqFt
3 Beds
•1 Full Bath
Listing Office: Lennar Sales Corp
Is Corcoran, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Corcoran was a Seller's Market.
Key Takeaway
Corcoran is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Corcoran, MN
How much do homes in Corcoran, MN cost?
Median Sold Price
$581,705
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$3,145(-0.5%)
Key Takeaway
Homes in Corcoran have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Corcoran was $581,705 in September 2024, down 0.5% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $437.9K | N/A |
| 2 Bedrooms | $458.4K | $537.1K | +17.2% |
| 3 Bedrooms | $399.9K | $479.4K | +19.9% |
| 4 Bedrooms | $657.5K | $665.6K | +1.2% |
| 5+ Bedrooms | $694K | $755.6K | +8.9% |
Summary: Corcoran housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Hanover | $427.7K | $450K | +5.2% |
| Maple Grove | $389.9K | $402.6K | +3.2% |
| Corcoran | $584.8K | $581.7K | -0.5% |
| Hamel | $670K | $667K | -0.5% |
| Rogers | $455K | $435.7K | -4.2% |
Housing Supply in Corcoran, MN
How many homes are available in Corcoran, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 121 | 142 | +17.4% |
Summary: The Corcoran real estate market had 142 homes for sale in September 2024, a 17.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 34 | 42 | +23.5% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Corcoran housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Corcoran, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Corcoran in September 2024, down by 38.5% month-over-month. Of the 16 sold homes, 44% were sold under asking, 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 31 Days | 6 Days | -78.6% |
Summary: Homes in Corcoran had an average of 6 days on market in Sep 2024, down by 78.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corcoran are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Corcoran; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
