Is Longville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Longville has remained a Buyer's Market.
Housing Prices in Longville, MN
How much do homes in Longville, MN cost?
Median Sold Price
$370,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Longville was $370,000 in April 2024, down 8.1% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $249.9K | +17.6% |
2 Bedrooms | $350K | $275K | -21.4% |
3 Bedrooms | $483.5K | $460K | -4.9% |
4 Bedrooms | $722.5K | $627.5K | -13.1% |
5+ Bedrooms | $379K | - | N/A |
Summary: Longville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes did not change.
Housing Supply in Longville, MN
How many homes are available in Longville, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Summary: The Longville real estate market had 16 homes for sale in April 2024, a 45.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Longville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Longville in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Longville, MN
How long does it take to sell a home in Longville, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 85 Days | +167.2% |
Summary: Homes in Longville had an average of 85 days on market in Apr 2024, up by 167.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Longville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.