$289,900
Land
Listing Office: Fox Realty
Is Centerville, 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, Centerville has remained a Seller's Market.
Key Takeaway
Centerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerville, MN
How much do homes in Centerville, MN cost?
Median Sold Price
$367,700
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,300(-8.1%)
Key Takeaway
Homes in Centerville have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Centerville was $367,700 in October 2024, down 8.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $250K | -5.7% |
| 3 Bedrooms | $343.2K | $362.5K | +5.6% |
| 4 Bedrooms | $440K | $380K | -13.6% |
| 5+ Bedrooms | $605K | $620K | +2.5% |
Summary: Centerville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Lino Lakes | $419.6K | $450K | +7.2% |
| Centerville | $400K | $367.7K | -8.1% |
Housing Supply in Centerville, MN
How many homes are available in Centerville, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Centerville real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Centerville 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 22.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Centerville in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Centerville, MN
How long does it take to sell a home in Centerville, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 80 Days | +375.0% |
Summary: Homes in Centerville had an average of 80 days on market in Oct 2024, up by 375% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Centerville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Centerville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
