$2,613 Closing Credit*
$220,000
2,949 SqFt
5 Beds
•2 Full Baths
Listing Office: REALTY XPERTS
Is Ada, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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 November 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 November 2024, up 50% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41.5K | - | N/A |
| 2 Bedrooms | $105K | $178K | +69.5% |
| 3 Bedrooms | $120K | $155K | +29.2% |
| 4 Bedrooms | $159.7K | $168.9K | +5.7% |
| 5+ Bedrooms | $170K | $100K | -41.2% |
Summary: Ada housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.5%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 5.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The Ada real estate market had 26 homes for sale in November 2024, a 16.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ada housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was 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 1 homes were sold or pending in Ada in November 2024, down by 80.0% month-over-month. Of the 1 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?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 131 Days | 44 Days | -66.4% |
Summary: Homes in Ada had an average of 44 days on market in Nov 2024, down by 66.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ada has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Ada; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
