Is Little Falls, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Little Falls has remained a Seller's Market.
Key Takeaway
Little Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Little Falls, MN
How much do homes in Little Falls, MN cost?
Median Sold Price
$235,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Little Falls have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Little Falls was $235,000 in March 2024, up 14.6% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $94.6K | N/A |
| 2 Bedrooms | $160K | $190K | +18.8% |
| 3 Bedrooms | $187K | $236.5K | +26.5% |
| 4 Bedrooms | $242.5K | $275K | +13.4% |
| 5+ Bedrooms | $315K | $341K | +8.3% |
Summary: Little Falls 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 increased by 18.8%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Little Falls | $205K | $235K | +14.6% |
| Little Falls Township | $205K | $235K | +14.6% |
Housing Supply in Little Falls, MN
How many homes are available in Little Falls, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Little Falls real estate market had 36 homes for sale in March 2024, a 12.5% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Little Falls 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 decreased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Little Falls in March 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Little Falls, MN
How long does it take to sell a home in Little Falls, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 46 Days | -10.4% |
Summary: Homes in Little Falls had an average of 46 days on market in Mar 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Little Falls are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Little Falls; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
