Is Princeton, 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, Princeton was a Seller's Market.
Housing Prices in Princeton, MN
How much do homes in Princeton, MN cost?
Median Sold Price
$337,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Princeton was $337,500 in April 2024, down 1.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.5K | $139.9K | +73.8% |
2 Bedrooms | $276.2K | $294K | +6.4% |
3 Bedrooms | $328K | $315K | -4.0% |
4 Bedrooms | $390K | $347.5K | -10.9% |
5+ Bedrooms | $490K | $417.5K | -14.8% |
Summary: Princeton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
Baldwin Township | $397.4K | $395.1K | -0.6% |
Princeton | $342.5K | $337.5K | -1.5% |
Princeton Township | $350K | $337.5K | -3.6% |
Housing Supply in Princeton, MN
How many homes are available in Princeton, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 50 | +31.6% |
Summary: The Princeton real estate market had 50 homes for sale in April 2024, a 31.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Princeton 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 60%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 5 | -54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Princeton in April 2024, down by 54.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Princeton, MN
How long does it take to sell a home in Princeton, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 22 Days | -61.9% |
Summary: Homes in Princeton had an average of 22 days on market in Apr 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Princeton; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.