$1,210 Closing Credit*
$101,900
1,206 SqFt
2 Beds
•2 Full Baths
Listing Office: GRAND PROPERTIES REAL ESTATE
Is Coleraine, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$250,000
$184/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$89,000(+55.3%)
Key Takeaway
Homes in Coleraine have sold for 55.3% more than they did a month ago.
Summary: The median home sold price in Coleraine was $250,000 in November 2024, up 55.3% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $230K | N/A |
| 3 Bedrooms | $187K | $220K | +17.6% |
| 4 Bedrooms | $135K | $658K | +387.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Coleraine housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 387.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Arbo Township | $200K | $447.5K | +123.8% |
| Coleraine | $161K | $250K | +55.3% |
Housing Supply in Coleraine, MN
How many homes are available in Coleraine, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Coleraine real estate market had 7 homes for sale in November 2024, a 22.2% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Coleraine 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Coleraine in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 79 Days | +88.8% |
Summary: Homes in Coleraine had an average of 79 days on market in Nov 2024, up by 88.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coleraine has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Coleraine; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
