Is McGregor, 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, McGregor has remained a Seller's Market.
Housing Prices in McGregor, MN
How much do homes in McGregor, MN cost?
Median Sold Price
$303,450
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McGregor was $303,450 in April 2024, up 4.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227K | $159K | -30.0% |
2 Bedrooms | $247.5K | $322.5K | +30.3% |
3 Bedrooms | $300K | $304.9K | +1.6% |
4 Bedrooms | $384.9K | $293K | -23.9% |
5+ Bedrooms | $1.0M | $180K | -82.9% |
Summary: McGregor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes decreased by 82.9%.
Median Sold Price Compared To Nearby Cities
McGregor | $290K | $303.4K | +4.6% |
McGregor Township | $290K | $303.4K | +4.6% |
Housing Supply in McGregor, MN
How many homes are available in McGregor, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 26 | +30.0% |
Summary: The McGregor real estate market had 26 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The McGregor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in McGregor in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for McGregor, MN
How long does it take to sell a home in McGregor, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 83 Days | +12.0% |
Summary: Homes in McGregor had an average of 83 days on market in Apr 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in McGregor; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.