$9,789 Closing Credit*
$824,313
1,616 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Preferred
Is Center City, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Center City was a Seller's Market.
Key Takeaway
Center City 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 Center City, MN
How much do homes in Center City, MN cost?
Median Sold Price
$448,750
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,375(+5.2%)
Key Takeaway
Homes in Center City have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Center City was $448,750 in December 2024, up 5.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | - | N/A |
| 2 Bedrooms | $325K | $392.5K | +20.8% |
| 3 Bedrooms | $341.2K | $524.5K | +53.7% |
| 4 Bedrooms | $483.4K | $392.5K | -18.8% |
| 5+ Bedrooms | $750K | $505K | -32.7% |
Summary: Center City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 53.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Center City | $426.3K | $448.7K | +5.2% |
| Lindstrom | $379.4K | $385K | +1.5% |
| Chisago Lake Township | $542.5K | $501K | -7.6% |
Housing Supply in Center City, MN
How many homes are available in Center City, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Center City real estate market had 6 homes for sale in December 2024, a 20.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Center City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
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 Center City, 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 Center City in December 2024, up by 100.0% month-over-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 Center City, MN
How long does it take to sell a home in Center City, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 45 Days | +206.8% |
Summary: Homes in Center City had an average of 45 days on market in Dec 2024, up by 206.8% compared to last year.
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
Key Takeaway
Avg time on Rocket Homes in Center City has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Center City; 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.
