Is Scandia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Scandia was a Buyer's Market.
Key Takeaway
Scandia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scandia, MN
How much do homes in Scandia, MN cost?
Median Sold Price
$799,900
$267/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Scandia have sold for 280.9% more than they did a month ago.
Summary: The median home sold price in Scandia was $799,900 in March 2024, up 280.9% from last month, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | - | N/A |
| 3 Bedrooms | - | $799.9K | N/A |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | - | $448K | N/A |
Summary: Scandia housing prices by bedroom type for March 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Scandia | $210K | $799.9K | +280.9% |
| Marine on Saint Croix | $375K | $385K | +2.7% |
Housing Supply in Scandia, MN
How many homes are available in Scandia, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Scandia real estate market had 11 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Scandia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scandia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Scandia in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Scandia, MN
How long does it take to sell a home in Scandia, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 27 Days | +207.4% |
Summary: Homes in Scandia had an average of 27 days on market in Mar 2024, up by 207.4% compared to last month.
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 Scandia are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Scandia; 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.
