Is Mayer, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mayer has remained a Buyer's Market.
Housing Prices in Mayer, MN
How much do homes in Mayer, MN cost?
Median Sold Price
$383,200
$165/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Mayer was $383,200 in March 2024, up 139.5% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $160K | $359.4K | +124.6% |
4 Bedrooms | - | $387.5K | N/A |
5+ Bedrooms | - | $435K | N/A |
Summary: Mayer 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 increased by 124.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mayer, MN
How many homes are available in Mayer, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 32 | +88.2% |
Summary: The Mayer real estate market had 32 homes for sale in March 2024, a 88.2% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 19 | +111.1% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mayer 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 100%, 3 bedroom homes increased by 111.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mayer in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Mayer, MN
How long does it take to sell a home in Mayer, MN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 15 Days | -69.5% |
Summary: Homes in Mayer had an average of 15 days on market in Mar 2024, down by 69.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Mayer; 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.