$7,119 Closing Credit*
$599,500
2,387 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is Corcoran, 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, 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
$590,764
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,764(+2.7%)
Key Takeaway
Homes in Corcoran have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Corcoran was $590,764 in October 2024, up 2.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $437.9K | N/A |
| 2 Bedrooms | $459.9K | $541.3K | +17.7% |
| 3 Bedrooms | $399.9K | $479.4K | +19.9% |
| 4 Bedrooms | $631.8K | $661.7K | +4.7% |
| 5+ Bedrooms | $693K | $752.2K | +8.5% |
Summary: Corcoran 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 17.7%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Hanover | $425K | $450K | +5.9% |
| Maple Grove | $390.4K | $405K | +3.7% |
| Corcoran | $575K | $590.7K | +2.7% |
| Hamel | $670K | $650K | -3.0% |
| Rogers | $454.9K | $434.9K | -4.4% |
Housing Supply in Corcoran, MN
How many homes are available in Corcoran, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 141 | +21.6% |
Summary: The Corcoran real estate market had 141 homes for sale in October 2024, a 21.6% increase 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 | 21 | 19 | -9.5% |
| 3 Bedrooms | 43 | 49 | +14.0% |
| 4 Bedrooms | 35 | 45 | +28.6% |
| 5+ Bedrooms | 17 | 28 | +64.7% |
Summary: The Corcoran 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 9.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 64.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 29 | +52.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corcoran, expect to pay close to the asking price. 34.5% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Corcoran in October 2024, up by 52.6% month-over-month. Of the 29 sold homes, 31% were sold under asking, 34% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +11.3% |
Summary: Homes in Corcoran had an average of 30 days on market in Oct 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Corcoran are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Corcoran; 48% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
