Is Motley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Motley was a Neutral Market.
Key Takeaway
Motley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Motley, MN
How much do homes in Motley, MN cost?
Median Sold Price
$252,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Motley have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Motley was $252,500 in April 2024, down 14.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194K | $144K | -25.8% |
| 2 Bedrooms | $220K | $175K | -20.5% |
| 3 Bedrooms | $340K | $330K | -2.9% |
| 4 Bedrooms | $354.5K | $386.2K | +9.0% |
| 5+ Bedrooms | $302.5K | $745K | +146.3% |
Summary: Motley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 146.3%.
Median Sold Price Compared To Nearby Cities
| Motley | $295K | $252.5K | -14.4% |
| Motley Township | $295K | $252.5K | -14.4% |
| Motley | $295K | $252.5K | -14.4% |
Housing Supply in Motley, MN
How many homes are available in Motley, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Summary: The Motley real estate market had 28 homes for sale in April 2024, a 47.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 10 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Motley 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Motley, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Motley in April 2024, up by 75.0% 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 Motley, MN
How long does it take to sell a home in Motley, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 95 Days | +90.9% |
Summary: Homes in Motley had an average of 95 days on market in Apr 2024, up by 90.9% 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
Key Takeaway
Most homes in Motley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in Motley; 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.
