Is Webster, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Webster was a Seller's Market.
Key Takeaway
Webster is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Webster, MN
How much do homes in Webster, MN cost?
Median Sold Price
$499,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Webster have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in Webster was $499,900 in March 2024, down 10.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $215K | N/A |
| 3 Bedrooms | $439.9K | $437.4K | -0.6% |
| 4 Bedrooms | $618K | $508.9K | -17.7% |
| 5+ Bedrooms | $723K | $543.7K | -24.8% |
Summary: Webster 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 did not change, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes decreased by 24.8%.
Median Sold Price Compared To Nearby Cities
| New Market Township | $599.9K | $624.1K | +4.0% |
| Elko New Market | $460K | $465.5K | +1.2% |
| Webster Township | $520K | $506.2K | -2.6% |
| Webster | $560K | $499.9K | -10.7% |
Housing Supply in Webster, MN
How many homes are available in Webster, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Webster real estate market had 16 homes for sale in March 2024, a 33.3% 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 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Webster 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 50%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Webster, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Webster in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Webster, MN
How long does it take to sell a home in Webster, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 176 Days | 14 Days | -92.0% |
Summary: Homes in Webster had an average of 14 days on market in Mar 2024, down by 92% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Webster are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Webster; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
