$3,147 Closing Credit*
$265,000
2,218 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Colleen Jennings Real Estate
Is Adams, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Adams has remained a Neutral Market.
Key Takeaway
Adams is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Adams, MN
How much do homes in Adams, MN cost?
Median Sold Price
$525,000
$295/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$330,000(+169.2%)
Key Takeaway
Homes in Adams have sold for 169.2% more than they did a month ago.
Summary: The median home sold price in Adams was $525,000 in August 2024, up 169.2% from last month, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $525K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $195K | - | N/A |
Summary: Adams housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Adams | $195K | $525K | +169.2% |
| Adams Township | $195K | $525K | +169.2% |
Housing Supply in Adams, MN
How many homes are available in Adams, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Adams real estate market had 7 homes for sale in August 2024, a 16.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Adams housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
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 Adams, 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 Adams in August 2024, the same as the previous 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 Adams, MN
How long does it take to sell a home in Adams, MN?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 38 Days | 7 Days | -81.6% |
Summary: Homes in Adams had an average of 7 days on market in Aug 2024, down by 81.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adams are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1 homes were sold in Adams; 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.
