$3,264 Closing Credit*
$274,900
2,015 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Crown Realtors
Is Deerwood, 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, Deerwood has remained a Seller's Market.
Key Takeaway
Deerwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerwood, MN
How much do homes in Deerwood, MN cost?
Median Sold Price
$939,000
$506/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$694,000(+283.3%)
Key Takeaway
Homes in Deerwood have sold for 283.3% more than they did a month ago.
Summary: The median home sold price in Deerwood was $939,000 in October 2024, up 283.3% from last month, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $271K | - | N/A |
| 3 Bedrooms | $301K | $940K | +212.3% |
| 4 Bedrooms | - | $1.0M | N/A |
| 5+ Bedrooms | $235K | $420K | +78.7% |
Summary: Deerwood housing prices by bedroom type for October 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 212.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 78.7%.
Median Sold Price Compared To Nearby Cities
| Deerwood | $245K | $939K | +283.3% |
| Deerwood Township | $245K | $939K | +283.3% |
Housing Supply in Deerwood, MN
How many homes are available in Deerwood, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Deerwood real estate market had 29 homes for sale in October 2024, a 12.1% 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Deerwood 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 increased by 9.1%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deerwood, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Deerwood in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Deerwood, MN
How long does it take to sell a home in Deerwood, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 11 Days | -77.0% |
Summary: Homes in Deerwood had an average of 11 days on market in Oct 2024, down by 77% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deerwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Deerwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
