$1,087 Closing Credit*
$91,500
1,350 SqFt
3 Beds
•1 Full Bath
Listing Office: Home Crown Realty LLC
Is Ada, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ada was a Seller's Market.
Key Takeaway
Ada is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ada, MN
How much do homes in Ada, MN cost?
Median Sold Price
$165,000
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+50.0%)
Key Takeaway
Homes in Ada have sold for 50% more than they did a year ago.
Summary: The median home sold price in Ada was $165,000 in October 2024, up 50% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41.5K | - | N/A |
| 2 Bedrooms | $74.2K | $178K | +139.7% |
| 3 Bedrooms | $130K | $155K | +19.2% |
| 4 Bedrooms | $126.2K | $180K | +42.6% |
| 5+ Bedrooms | $170K | $100K | -41.2% |
Summary: Ada housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 139.7%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 42.6%, and 5+ bedroom homes decreased by 41.2%.
Housing Supply in Ada, MN
How many homes are available in Ada, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Summary: The Ada real estate market had 32 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ada, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ada in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ada, MN
How long does it take to sell a home in Ada, MN?
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 Ada are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Ada; 50% 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.
