Is Corcoran, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Corcoran is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Corcoran has remained a Seller's Market.

Key Takeaway

Corcoran is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Corcoran, MN cost?

Median Sold Price

$552,825

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$24,247(+4.6%)

Key Takeaway

Homes in Corcoran have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $439.8K$497.1K
+13.0%
3 $480.5K$526.4K
+9.5%
4 $594.9K$657.5K
+10.5%
5+ $754K$705K
-6.5%

Median Sold Price Compared To Nearby Cities

Maple Grove
+7.9%
Rogers
+6.0%
Corcoran
+4.6%
Hamel
+0.8%

How many homes are available in Corcoran, MN?

Number of Homes For Sale

Oct 2022Nov 2022%
4744-6.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 77
0.0%
3 1514
-6.7%
4 1415
+7.1%
5+ 118
-27.3%

Number of Homes Sold

Oct 2022Nov 2022%
1310-23.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Nov 2021Nov 2022%
29 Days29 Days+0.7%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Corcoran are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Corcoran, MN

There are 44 homes are for sale in Corcoran, MN real estate market. The number of listings in Corcoran, MN decreased by 6.4% between October 2022 and November 2022. In November 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $552,825. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 13%, 3 bedrooms properties prices increased by 9.5%, 4 bedrooms properties prices increased by 10.5%, 5 bedrooms properties prices decreased by 6.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 6.7%, volume of 4 bedrooms homes went up by 7.1%, the quantity of 5 bedrooms homes went down by 27.3%. Corcoran, MN housing market in November 2022 saw over 2 listings sold above listed price, more than 5 sold at listed price and over 3 sold below.

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