Is Victoria, 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, Victoria has remained a Seller's Market.
Housing Prices in Victoria, MN
How much do homes in Victoria, MN cost?
Median Sold Price
$585,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Victoria was $585,500 in March 2024, down 5.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $375K | $325K | -13.3% |
3 Bedrooms | $405K | $419.9K | +3.7% |
4 Bedrooms | $636.2K | $634.7K | -0.2% |
5+ Bedrooms | $705K | $685.5K | -2.8% |
Summary: Victoria 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 3.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Minnetrista | $632.4K | $673.4K | +6.5% |
Chanhassen | $499K | $522.5K | +4.7% |
Chaska | $415.1K | $431.8K | +4.0% |
Laketown Township | $522.5K | $507.4K | -2.9% |
Victoria | $618K | $585.5K | -5.3% |
Housing Supply in Victoria, MN
How many homes are available in Victoria, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Summary: The Victoria real estate market had 44 homes for sale in March 2024, a 18.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Victoria 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Victoria in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Victoria, MN
How long does it take to sell a home in Victoria, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 22 Days | -45.3% |
Summary: Homes in Victoria had an average of 22 days on market in Mar 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Victoria; 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.