Is Minnetrista, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Minnetrista was a Seller's Market.
Key Takeaway
Minnetrista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Minnetrista, MN
How much do homes in Minnetrista, MN cost?
Median Sold Price
$673,475
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Minnetrista have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Minnetrista was $673,475 in March 2024, up 6.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307.5K | $516.5K | +68.0% |
| 3 Bedrooms | $535K | $586.4K | +9.6% |
| 4 Bedrooms | $625K | $752.5K | +20.4% |
| 5+ Bedrooms | $717.5K | $819.9K | +14.3% |
Summary: Minnetrista 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 68%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in Minnetrista, MN
How many homes are available in Minnetrista, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 57 | +23.9% |
Summary: The Minnetrista real estate market had 57 homes for sale in March 2024, a 23.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 7 | 14 | +100.0% |
Summary: The Minnetrista 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minnetrista, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Minnetrista in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Minnetrista, MN
How long does it take to sell a home in Minnetrista, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +13.3% |
Summary: Homes in Minnetrista had an average of 17 days on market in Mar 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minnetrista are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Minnetrista; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
