$8,608 Closing Credit*
$724,900
2,900 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Central MN Realty LLC
Is Cold Spring, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cold Spring was a Seller's Market.
Key Takeaway
Cold Spring 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 Cold Spring, MN
How much do homes in Cold Spring, MN cost?
Median Sold Price
$323,450
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,450(+2.7%)
Key Takeaway
Homes in Cold Spring have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Cold Spring was $323,450 in October 2024, up 2.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $775K | N/A |
| 2 Bedrooms | $249.7K | $300K | +20.1% |
| 3 Bedrooms | $280.5K | $365K | +30.1% |
| 4 Bedrooms | $336K | $324K | -3.6% |
| 5+ Bedrooms | $420K | $399K | -5.0% |
Summary: Cold Spring 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 increased by 20.1%, 3 bedroom homes increased by 30.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 5%.
Housing Supply in Cold Spring, MN
How many homes are available in Cold Spring, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Cold Spring real estate market had 46 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cold Spring housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cold Spring, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Cold Spring in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Cold Spring, MN
How long does it take to sell a home in Cold Spring, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 35 Days | +47.4% |
Summary: Homes in Cold Spring had an average of 35 days on market in Oct 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cold Spring are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Cold Spring; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
