$7,086 Closing Credit*
$596,683
2,692 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is Delano, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Delano has remained a Seller's Market.
Key Takeaway
Delano is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delano, MN
How much do homes in Delano, MN cost?
Median Sold Price
$445,492
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$20,492(+4.8%)
Key Takeaway
Homes in Delano have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Delano was $445,492 in December 2024, up 4.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $322.5K | +4.0% |
| 3 Bedrooms | $360K | $397.9K | +10.5% |
| 4 Bedrooms | $440K | $452.9K | +2.9% |
| 5+ Bedrooms | $495K | $473.2K | -4.4% |
Summary: Delano housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $439.2K | $464.9K | +5.9% |
| Delano | $425K | $445.4K | +4.8% |
| Independence | $849K | $863.5K | +1.7% |
Housing Supply in Delano, MN
How many homes are available in Delano, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Summary: The Delano real estate market had 75 homes for sale in December 2024, a 13.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Delano housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Delano, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Delano in December 2024, up by 75.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Delano, MN
How long does it take to sell a home in Delano, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 53 Days | 75 Days | +41.1% |
Summary: Homes in Delano had an average of 75 days on market in Dec 2024, up by 41.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Delano has remained consistent over time.
Summary: During December 2024, 14 homes were sold in Delano; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
