Is Young America, 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, Young America has remained a Seller's Market.
Housing Prices in Young America, MN
How much do homes in Young America, MN cost?
Median Sold Price
$314,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Young America was $314,000 in March 2024, up 4.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $262K | $257.4K | -1.8% |
3 Bedrooms | $303K | $308.5K | +1.8% |
4 Bedrooms | $336.4K | $315K | -6.4% |
5+ Bedrooms | $380K | $485K | +27.6% |
Summary: Young America 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 1.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Cities
Norwood Young America | $271.5K | $302.5K | +11.4% |
Young America Township | $300K | $315K | +5.0% |
Young America | $300K | $314K | +4.7% |
Housing Supply in Young America, MN
How many homes are available in Young America, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The Young America real estate market had 13 homes for sale in March 2024, a 7.1% decrease 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 | 2 | 3 | +50.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Young America 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 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Young America in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Young America, MN
How long does it take to sell a home in Young America, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
116 Days | 24 Days | -78.8% |
Summary: Homes in Young America had an average of 24 days on market in Mar 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Young America; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.