Is Finlayson, 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, Finlayson was a Seller's Market.
Housing Prices in Finlayson, MN
How much do homes in Finlayson, MN cost?
Median Sold Price
$339,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Finlayson was $339,000 in March 2024, up 24.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $148K | -43.1% |
2 Bedrooms | $255K | $285K | +11.8% |
3 Bedrooms | $325K | $375.4K | +15.5% |
4 Bedrooms | $412.9K | $468.7K | +13.5% |
5+ Bedrooms | - | $635K | N/A |
Summary: Finlayson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Finlayson | $272.4K | $339K | +24.4% |
Finlayson Township | $284.9K | $330K | +15.8% |
Housing Supply in Finlayson, MN
How many homes are available in Finlayson, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Summary: The Finlayson real estate market had 17 homes for sale in March 2024, a 54.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 9 | +125.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Finlayson 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 125%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Finlayson in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Finlayson, MN
How long does it take to sell a home in Finlayson, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
104 Days | 7 Days | -93.3% |
Summary: Homes in Finlayson had an average of 7 days on market in Mar 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Finlayson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.