Is Adrian, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adrian is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Adrian has remained a Seller's Market.

Key Takeaway

Adrian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Adrian, MN

How much do homes in Adrian, MN cost?

Median Sold Price

$206,200

$134/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$26,200(+14.6%)

Key Takeaway

Homes in Adrian have sold for 14.6% more than they did a month ago.

Summary: The median home sold price in Adrian was $206,200 in August 2024, up 14.6% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 -$92.5K
N/A
3 $233.2K-
N/A
4 -$319.9K
N/A
5+ $180K-
N/A

Summary: Adrian 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.

Housing Supply in Adrian, MN

How many homes are available in Adrian, MN?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
117-36.4%

Summary: The Adrian real estate market had 7 homes for sale in August 2024, a 36.4% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 51
-80.0%
4 33
0.0%
5+ 10
-100.0%

Summary: The Adrian 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 50%, 3 bedroom homes decreased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adrian, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Adrian in August 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Adrian, MN

How long does it take to sell a home in Adrian, MN?

Average Sale Time

Jul 2024Aug 2024CHANGE
60 Days10 Days-83.6%

Summary: Homes in Adrian had an average of 10 days on market in Aug 2024, down by 83.6% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Adrian are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 2 homes were sold in Adrian; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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