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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Callaway is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Callaway has remained a Buyer's Market.

Key Takeaway

Callaway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Callaway, MN

How much do homes in Callaway, MN cost?

Median Sold Price

$114,639

$51/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$128,361(-52.8%)

Key Takeaway

Homes in Callaway have sold for 52.8% less than they did a month ago.

Summary: The median home sold price in Callaway was $114,639 in October 2024, down 52.8% from last month, and the median price per square foot was $51.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $243K$114.6K
-52.8%
4 --
N/A
5+ --
N/A

Summary: Callaway housing prices by bedroom type for October 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 decreased by 52.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Callaway
-52.8%
Callaway Township
-52.8%

Housing Supply in Callaway, MN

How many homes are available in Callaway, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11110.0%

Summary: The Callaway real estate market had 11 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 66
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Callaway 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Callaway, 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 Callaway in October 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 Callaway, MN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
98 Days41 Days-58.2%

Summary: Homes in Callaway had an average of 41 days on market in Oct 2024, down by 58.2% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Callaway has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Callaway; 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.

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

Report Updated 4 Days Ago

Newest Listings in Callaway, MN

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