Is Spicer, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spicer has remained a Seller's Market.
Housing Prices in Spicer, MN
How much do homes in Spicer, MN cost?
Median Sold Price
$400,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spicer was $400,500 in April 2024, down 8.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $799.9K | +63.2% |
2 Bedrooms | $405K | $335K | -17.3% |
3 Bedrooms | $412.5K | $348.7K | -15.5% |
4 Bedrooms | $395.5K | $470K | +18.8% |
5+ Bedrooms | $710K | $425K | -40.1% |
Summary: Spicer housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.2%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 40.1%.
Median Sold Price Compared To Nearby Cities
New London Township | $367K | $337.5K | -8.0% |
Spicer | $437.5K | $400.5K | -8.5% |
Housing Supply in Spicer, MN
How many homes are available in Spicer, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Summary: The Spicer real estate market had 44 homes for sale in April 2024, a 18.9% 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 | 9 | 12 | +33.3% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Spicer 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 33.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Spicer in April 2024, up by 200.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Spicer, MN
How long does it take to sell a home in Spicer, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 40 Days | -48.6% |
Summary: Homes in Spicer had an average of 40 days on market in Apr 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Spicer; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.