Is Sunray-Battle Creek-Highwood, 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, Sunray-Battle Creek-Highwood has remained a Seller's Market.
Key Takeaway
Sunray-Battle Creek-Highwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunray-Battle Creek-Highwood, MN
How much do homes in Sunray-Battle Creek-Highwood, MN cost?
Median Sold Price
$285,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sunray-Battle Creek-Highwood have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Sunray-Battle Creek-Highwood was $285,000 in April 2024, up 1.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $139.9K | -17.7% |
| 2 Bedrooms | $227K | $224.9K | -0.9% |
| 3 Bedrooms | $272.5K | $285K | +4.6% |
| 4 Bedrooms | $308.2K | $312.5K | +1.4% |
| 5+ Bedrooms | $342.5K | $360K | +5.1% |
Summary: Sunray-Battle Creek-Highwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Dayton's Bluff | $235K | $250K | +6.4% |
| Greater East Side | $247.4K | $255K | +3.1% |
| Sunray-Battle Creek-Highwood | $280K | $285K | +1.8% |
| West Side | $256.4K | $255K | -0.6% |
Housing Supply in Sunray-Battle Creek-Highwood, MN
How many homes are available in Sunray-Battle Creek-Highwood, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The Sunray-Battle Creek-Highwood real estate market had 36 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Sunray-Battle Creek-Highwood 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunray-Battle Creek-Highwood, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Sunray-Battle Creek-Highwood in April 2024, down by 52.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Sunray-Battle Creek-Highwood, MN
How long does it take to sell a home in Sunray-Battle Creek-Highwood, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -11.1% |
Summary: Homes in Sunray-Battle Creek-Highwood had an average of 23 days on market in Apr 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunray-Battle Creek-Highwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Sunray-Battle Creek-Highwood; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
