Is Northeast, 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, Northeast has remained a Seller's Market.
Housing Prices in Northeast, MN
How much do homes in Northeast, MN cost?
Median Sold Price
$335,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast was $335,000 in April 2024, up 3.1% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $208K | $215K | +3.4% |
2 Bedrooms | $275K | $302.5K | +10.0% |
3 Bedrooms | $330.3K | $340K | +2.9% |
4 Bedrooms | $373K | $387.5K | +3.9% |
5+ Bedrooms | $406.3K | $350K | -13.9% |
Summary: Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Neighborhoods
Windom Park | $356.6K | $377.5K | +5.9% |
Northeast | $325K | $335K | +3.1% |
Housing Supply in Northeast, MN
How many homes are available in Northeast, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 79 | +21.5% |
Summary: The Northeast real estate market had 79 homes for sale in April 2024, a 21.5% 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 | 19 | 20 | +5.3% |
3 Bedrooms | 27 | 36 | +33.3% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Northeast 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 5.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Northeast in April 2024, up by 14.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 29% were sold at asking, and 42% were sold over asking.
Days on Market for Northeast, MN
How long does it take to sell a home in Northeast, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 34 Days | +102.6% |
Summary: Homes in Northeast had an average of 34 days on market in Apr 2024, up by 102.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Northeast; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.