Is Proctor, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Proctor has remained a Seller's Market.
Key Takeaway
Proctor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Proctor, MN
How much do homes in Proctor, MN cost?
Median Sold Price
$335,000
$208/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Proctor have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Proctor was $335,000 in April 2024, up 11.5% from last month, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $401K | N/A |
| 3 Bedrooms | $284.5K | $312K | +9.7% |
| 4 Bedrooms | $316.5K | $335K | +5.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Proctor housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hermantown | $310K | $406K | +31.0% |
| Proctor | $300.5K | $335K | +11.5% |
| Duluth | $316.5K | $292K | -7.7% |
Housing Supply in Proctor, MN
How many homes are available in Proctor, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Proctor real estate market had 12 homes for sale in April 2024, a 20.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Proctor 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Proctor, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Proctor in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Proctor, MN
How long does it take to sell a home in Proctor, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +18.6% |
Summary: Homes in Proctor had an average of 33 days on market in Apr 2024, up by 18.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Proctor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Proctor; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
