Is Staples, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Staples has remained a Seller's Market.
Key Takeaway
Staples is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Staples, MN
How much do homes in Staples, MN cost?
Median Sold Price
$169,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Staples have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Staples was $169,900 in March 2024, up 8.6% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $89.5K | N/A |
| 2 Bedrooms | $149.9K | $130K | -13.3% |
| 3 Bedrooms | $142K | $185K | +30.3% |
| 4 Bedrooms | $227.5K | $230K | +1.1% |
| 5+ Bedrooms | $324.9K | $268.5K | -17.4% |
Summary: Staples housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Staples | $156.5K | $169.9K | +8.6% |
| Staples Township | $158.5K | $169.9K | +7.2% |
| Staples | $170K | $168.9K | -0.6% |
Housing Supply in Staples, MN
How many homes are available in Staples, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Staples real estate market had 22 homes for sale in March 2024, a 29.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Staples 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 9 | +800.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Staples, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Staples in March 2024, up by 800.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Staples, MN
How long does it take to sell a home in Staples, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 114 Days | 97 Days | -15.3% |
Summary: Homes in Staples had an average of 97 days on market in Mar 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Staples are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Staples; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
