Is Corcoran, 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, Corcoran was a Seller's Market.
Housing Prices in Corcoran, MN
How much do homes in Corcoran, MN cost?
Median Sold Price
$541,067
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Corcoran was $541,067 in March 2024, down 6.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $437.9K | N/A |
2 Bedrooms | $498K | $485K | -2.6% |
3 Bedrooms | $505K | $443.5K | -12.2% |
4 Bedrooms | $640.8K | $600K | -6.4% |
5+ Bedrooms | $690K | $715K | +3.6% |
Summary: Corcoran 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 2.6%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Hamel | $650.6K | $658.8K | +1.3% |
Maple Grove | $400K | $398.1K | -0.5% |
Rogers | $450K | $439.8K | -2.3% |
Hanover | $450.3K | $425K | -5.6% |
Corcoran | $578.4K | $541K | -6.5% |
Housing Supply in Corcoran, MN
How many homes are available in Corcoran, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 146 | +40.4% |
Summary: The Corcoran real estate market had 146 homes for sale in March 2024, a 40.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 29 | +11.5% |
3 Bedrooms | 41 | 57 | +39.0% |
4 Bedrooms | 20 | 32 | +60.0% |
5+ Bedrooms | 16 | 27 | +68.8% |
Summary: The Corcoran housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 68.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Corcoran in March 2024, up by 46.7% month-over-month. Of the 22 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 28 Days | -40.9% |
Summary: Homes in Corcoran had an average of 28 days on market in Mar 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Corcoran; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.