$10,000 Closing Credit*
$1,100,000
3,392 SqFt
3 Beds
•1 Full Bath
Listing Office: Lake Country Resort Sales, Inc.
Is Parkers Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Parkers Prairie has remained a Seller's Market.
Key Takeaway
Parkers Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkers Prairie, MN
How much do homes in Parkers Prairie, MN cost?
Median Sold Price
$230,100
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$5,900(-2.5%)
Key Takeaway
Homes in Parkers Prairie have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Parkers Prairie was $230,100 in August 2024, down 2.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107K | N/A |
| 2 Bedrooms | $187.5K | $224.9K | +20.0% |
| 3 Bedrooms | $211K | $230.1K | +9.1% |
| 4 Bedrooms | $272.5K | $400K | +46.8% |
| 5+ Bedrooms | $234.9K | $558.2K | +137.7% |
Summary: Parkers Prairie housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 46.8%, and 5+ bedroom homes increased by 137.7%.
Median Sold Price Compared To Nearby Cities
| Parkers Prairie | $236K | $230.1K | -2.5% |
| Parkers Prairie Township | $236K | $230.1K | -2.5% |
Housing Supply in Parkers Prairie, MN
How many homes are available in Parkers Prairie, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Parkers Prairie real estate market had 14 homes for sale in August 2024, a 6.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Parkers Prairie housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkers Prairie, 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 Parkers Prairie in August 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Parkers Prairie, MN
How long does it take to sell a home in Parkers Prairie, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 11 Days | 18 Days | +69.7% |
Summary: Homes in Parkers Prairie had an average of 18 days on market in Aug 2024, up by 69.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parkers Prairie are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Parkers Prairie; 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.
