Is Rush City, 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, Rush City was a Seller's Market.
Housing Prices in Rush City, MN
How much do homes in Rush City, MN cost?
Median Sold Price
$307,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rush City was $307,000 in April 2024, up 5.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | - | N/A |
2 Bedrooms | $275K | $289K | +5.1% |
3 Bedrooms | $291.9K | $307K | +5.2% |
4 Bedrooms | $364K | $367.4K | +0.9% |
5+ Bedrooms | $330K | $332K | +0.6% |
Summary: Rush City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in Rush City, MN
How many homes are available in Rush City, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Summary: The Rush City real estate market had 20 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rush City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Rush City in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rush City, MN
How long does it take to sell a home in Rush City, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 15 Days | -34.7% |
Summary: Homes in Rush City had an average of 15 days on market in Apr 2024, down by 34.7% 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
Summary: During April 2024, 3 homes were sold in Rush City; 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.