$7,718 Closing Credit*
$649,900
1,776 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is Cold Spring, 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, Cold Spring has remained a Seller's Market.
Key Takeaway
Cold Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cold Spring, MN
How much do homes in Cold Spring, MN cost?
Median Sold Price
$322,750
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,800(+1.2%)
Key Takeaway
Homes in Cold Spring have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Cold Spring was $322,750 in November 2024, up 1.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $775K | N/A |
| 2 Bedrooms | $269.8K | $300K | +11.2% |
| 3 Bedrooms | $313.5K | $367.4K | +17.2% |
| 4 Bedrooms | $336K | $324K | -3.6% |
| 5+ Bedrooms | $457.5K | $399K | -12.8% |
Summary: Cold Spring housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Cold Spring | $318.9K | $322.7K | +1.2% |
| Wakefield Township | $484K | $429.9K | -11.2% |
Housing Supply in Cold Spring, MN
How many homes are available in Cold Spring, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The Cold Spring real estate market had 39 homes for sale in November 2024, a 9.3% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cold Spring 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 decreased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cold Spring, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cold Spring in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -14.8% |
Summary: Homes in Cold Spring had an average of 37 days on market in Nov 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 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 November 2024, 9 homes were sold in Cold Spring; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
