$4,036 Closing Credit*
$339,900
1,480 SqFt
3 Beds
•1 Full Bath
Listing Office: Saber Realty LLC
Is Buffalo Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Buffalo Lake has remained a Seller's Market.
Key Takeaway
Buffalo Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buffalo Lake, MN
How much do homes in Buffalo Lake, MN cost?
Median Sold Price
$212,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,500(+63.5%)
Key Takeaway
Homes in Buffalo Lake have sold for 63.5% more than they did a year ago.
Summary: The median home sold price in Buffalo Lake was $212,500 in November 2024, up 63.5% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.5K | $210K | +431.6% |
| 2 Bedrooms | $112K | $165.5K | +47.8% |
| 3 Bedrooms | $170K | $188.7K | +11.0% |
| 4 Bedrooms | $175K | $362.7K | +107.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Buffalo Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 431.6%, 2 bedroom homes increased by 47.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 107.3%, and 5+ bedroom homes did not change.
Housing Supply in Buffalo Lake, MN
How many homes are available in Buffalo Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Buffalo Lake real estate market had 8 homes for sale in November 2024, a 11.1% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Buffalo Lake 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 remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 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 Buffalo Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Buffalo Lake in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Buffalo Lake, MN
How long does it take to sell a home in Buffalo Lake, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 51 Days | -2.8% |
Summary: Homes in Buffalo Lake had an average of 51 days on market in Nov 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Buffalo Lake has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Buffalo Lake; 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.
