$2,951 Closing Credit*
$248,500
1,222 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Realty Integrity Lakes
Is Cottage Grove, 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, Cottage Grove has remained a Seller's Market.
Key Takeaway
Cottage Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottage Grove, MN
How much do homes in Cottage Grove, MN cost?
Median Sold Price
$394,913
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$640(-0.2%)
Key Takeaway
The sold price of homes in Cottage Grove has remained the same since last year.
Summary: The median home sold price in Cottage Grove was $394,913 in November 2024, down 0.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $178.5K | -34.5% |
| 2 Bedrooms | $262K | $287.5K | +9.7% |
| 3 Bedrooms | $363K | $365.9K | +0.8% |
| 4 Bedrooms | $449.9K | $423.4K | -5.9% |
| 5+ Bedrooms | $486.5K | $506.9K | +4.2% |
Summary: Cottage Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Cottage Grove | $395.5K | $394.9K | -0.2% |
| Saint Paul Park | $311K | $295K | -5.1% |
Housing Supply in Cottage Grove, MN
How many homes are available in Cottage Grove, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 227 | 212 | -6.6% |
Summary: The Cottage Grove real estate market had 212 homes for sale in November 2024, a 6.6% 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 | 18 | 15 | -16.7% |
| 3 Bedrooms | 88 | 81 | -8.0% |
| 4 Bedrooms | 79 | 75 | -5.1% |
| 5+ Bedrooms | 42 | 41 | -2.4% |
Summary: The Cottage Grove 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 16.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage Grove, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 52 homes were sold or pending in Cottage Grove in November 2024, down by 7.1% month-over-month. Of the 52 sold homes, 37% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Cottage Grove, MN
How long does it take to sell a home in Cottage Grove, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 28 Days | -21.9% |
Summary: Homes in Cottage Grove had an average of 28 days on market in Nov 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cottage Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 52 homes were sold in Cottage Grove; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
