$7,251 Closing Credit*
$610,606
1,734 SqFt
3 Beds
•1 Full Bath
Listing Office: Lennar Sales Corp
Is Corcoran, 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, Corcoran has remained a Seller's Market.
Key Takeaway
Corcoran is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corcoran, MN
How much do homes in Corcoran, MN cost?
Median Sold Price
$596,454
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,684(+5.8%)
Key Takeaway
Homes in Corcoran have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Corcoran was $596,454 in November 2024, up 5.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $437.9K | N/A |
| 2 Bedrooms | $474.9K | $538K | +13.3% |
| 3 Bedrooms | $402K | $485K | +20.6% |
| 4 Bedrooms | $631.8K | $665.6K | +5.4% |
| 5+ Bedrooms | $697.4K | $755.6K | +8.3% |
Summary: Corcoran 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 13.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Corcoran | $563.7K | $596.4K | +5.8% |
| Hanover | $425K | $449.4K | +5.8% |
| Maple Grove | $389.9K | $409.9K | +5.1% |
| Rogers | $449.9K | $438.2K | -2.6% |
| Hamel | $670K | $649.9K | -3.0% |
Housing Supply in Corcoran, MN
How many homes are available in Corcoran, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 125 | +5.0% |
Summary: The Corcoran real estate market had 125 homes for sale in November 2024, a 5.0% increase 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 | 14 | 15 | +7.1% |
| 3 Bedrooms | 44 | 51 | +15.9% |
| 4 Bedrooms | 41 | 36 | -12.2% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Corcoran 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 7.1%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corcoran, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Corcoran in November 2024, down by 32.4% month-over-month. Of the 23 sold homes, 43% were sold under asking, 43% were sold at asking, and 13% were sold over asking.
Days on Market for Corcoran, MN
How long does it take to sell a home in Corcoran, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 50 Days | +96.7% |
Summary: Homes in Corcoran had an average of 50 days on market in Nov 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corcoran are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Corcoran; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
