$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
$372,500
$397/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$566,500(-60.3%)
Key Takeaway
Homes in Deerwood have sold for 60.3% less than they did a month ago.
Summary: The median home sold price in Deerwood was $372,500 in November 2024, down 60.3% from last month, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $335K | N/A |
| 3 Bedrooms | $940K | $1.2M | +28.7% |
| 4 Bedrooms | $1.0M | - | N/A |
| 5+ Bedrooms | $420K | - | N/A |
Summary: Deerwood 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 28.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Deerwood | $939K | $372.5K | -60.3% |
| Deerwood Township | $939K | $372.5K | -60.3% |
Housing Supply in Deerwood, MN
How many homes are available in Deerwood, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Summary: The Deerwood real estate market had 21 homes for sale in November 2024, a 19.2% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Deerwood 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 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 6 homes were sold or pending in Deerwood in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +27.7% |
Summary: Homes in Deerwood had an average of 15 days on market in Nov 2024, up by 27.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 6 homes were sold in Deerwood; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
