Is Frazee, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Frazee was a Neutral Market.
Key Takeaway
Frazee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frazee, MN
How much do homes in Frazee, MN cost?
Median Sold Price
$273,000
$142/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Frazee have sold for 2.6% more than they did a month ago.
Summary: The median home sold price in Frazee was $273,000 in March 2024, up 2.6% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $360K | $202K | -43.9% |
| 4 Bedrooms | $35K | $470K | +1239.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Frazee housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 43.9%, 4 bedroom homes increased by 1239.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Burlington Township | $360K | $407K | +13.1% |
| Frazee | $266K | $273K | +2.6% |
Housing Supply in Frazee, MN
How many homes are available in Frazee, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Frazee real estate market had 28 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Frazee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frazee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Frazee in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Frazee, MN
How long does it take to sell a home in Frazee, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 87 Days | +18.9% |
Summary: Homes in Frazee had an average of 87 days on market in Mar 2024, up by 18.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frazee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Frazee; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
