Is Outing, 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, Outing has remained a Seller's Market.
Key Takeaway
Outing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Outing, MN
How much do homes in Outing, MN cost?
Median Sold Price
$479,900
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Outing have sold for 26.3% more than they did a year ago.
Summary: The median home sold price in Outing was $479,900 in April 2024, up 26.3% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $170.2K | -41.8% |
| 2 Bedrooms | $385K | $380K | -1.3% |
| 3 Bedrooms | $437.4K | $521.5K | +19.2% |
| 4 Bedrooms | $680K | $523K | -23.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Outing housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.8%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Outing | $380K | $479.9K | +26.3% |
| Crooked Lake Township | $406K | $482.4K | +18.8% |
| Emily | $342.5K | $329.5K | -3.8% |
Housing Supply in Outing, MN
How many homes are available in Outing, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Summary: The Outing real estate market had 8 homes for sale in April 2024, a 100.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Outing 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Outing, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Outing in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Outing, MN
How long does it take to sell a home in Outing, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 6 Days | -85.9% |
Summary: Homes in Outing had an average of 6 days on market in Apr 2024, down by 85.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Outing are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Outing; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
