Is New Prague, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Prague has remained a Seller's Market.
Housing Prices in New Prague, MN
How much do homes in New Prague, MN cost?
Median Sold Price
$369,900
$169/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in New Prague was $369,900 in March 2024, the same as last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $247K | -38.3% |
2 Bedrooms | $230.5K | $240K | +4.1% |
3 Bedrooms | $296K | $338.5K | +14.4% |
4 Bedrooms | $419.9K | $397K | -5.5% |
5+ Bedrooms | $459.3K | $470K | +2.3% |
Summary: New Prague housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
New Prague | $369.9K | $369.9K | 0.0% |
New Prague | $372.4K | $369.9K | -0.7% |
Housing Supply in New Prague, MN
How many homes are available in New Prague, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 44 | +57.1% |
Summary: The New Prague real estate market had 44 homes for sale in March 2024, a 57.1% 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 | 5 | +66.7% |
3 Bedrooms | 5 | 15 | +200.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The New Prague 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 66.7%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in New Prague in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for New Prague, MN
How long does it take to sell a home in New Prague, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 45 Days | +137.9% |
Summary: Homes in New Prague had an average of 45 days on market in Mar 2024, up by 137.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in New Prague; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.