$2,167 Closing Credit*
$182,500
1,089 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Alexandria, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alexandria has remained a Seller's Market.
Key Takeaway
Alexandria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alexandria, MN
How much do homes in Alexandria, MN cost?
Median Sold Price
$350,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+5.7%)
Key Takeaway
Homes in Alexandria have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Alexandria was $350,000 in October 2024, up 5.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111K | $159.9K | +44.1% |
| 2 Bedrooms | $292.5K | $274.9K | -6.0% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $379.2K | $385K | +1.5% |
| 5+ Bedrooms | $567.5K | $470.2K | -17.1% |
Summary: Alexandria housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Alexandria | $331K | $350K | +5.7% |
| Alexandria Township | $332.7K | $350.7K | +5.4% |
| La Grand Township | $381.5K | $389K | +2.0% |
| Carlos Township | $465K | $450K | -3.2% |
Housing Supply in Alexandria, MN
How many homes are available in Alexandria, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 170 | 167 | -1.8% |
Summary: The Alexandria real estate market had 167 homes for sale in October 2024, a 1.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 38 | 34 | -10.5% |
| 3 Bedrooms | 52 | 62 | +19.2% |
| 4 Bedrooms | 50 | 43 | -14.0% |
| 5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The Alexandria 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 decreased by 10.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 34 | -20.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexandria, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Alexandria in October 2024, down by 20.9% month-over-month. Of the 34 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% were sold over asking.
Days on Market for Alexandria, MN
How long does it take to sell a home in Alexandria, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 51 Days | +95.5% |
Summary: Homes in Alexandria had an average of 51 days on market in Oct 2024, up by 95.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alexandria has remained consistent over time.
Summary: During October 2024, 34 homes were sold in Alexandria; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
