$45,000
Land
Listing Office: RE/MAX Advantage Plus
Is Coleraine, 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, Coleraine has remained a Seller's Market.
Key Takeaway
Coleraine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coleraine, MN
How much do homes in Coleraine, MN cost?
Median Sold Price
$249,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,500(+45.1%)
Key Takeaway
Homes in Coleraine have sold for 45.1% more than they did a year ago.
Summary: The median home sold price in Coleraine was $249,500 in October 2024, up 45.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139.1K | $187.6K | +34.9% |
| 3 Bedrooms | $168K | $260K | +54.8% |
| 4 Bedrooms | $220K | $249.5K | +13.4% |
| 5+ Bedrooms | - | $229.9K | N/A |
Summary: Coleraine 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 34.9%, 3 bedroom homes increased by 54.8%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Coleraine | $172K | $249.5K | +45.1% |
| Bovey | $222.7K | $272K | +22.1% |
| Trout Lake Township | $240K | $279.5K | +16.5% |
Housing Supply in Coleraine, MN
How many homes are available in Coleraine, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Coleraine real estate market had 9 homes for sale in October 2024, a 10.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Coleraine 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Coleraine, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Coleraine in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Coleraine, MN
How long does it take to sell a home in Coleraine, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +65.8% |
Summary: Homes in Coleraine had an average of 40 days on market in Oct 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coleraine has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Coleraine; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
