$4,333 Closing Credit*
$364,900
1,658 SqFt
2 Beds
•1 Full Bath
Listing Office: Lakes Area Realty G.V.
Is Delano, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Delano was a Seller's Market.
Key Takeaway
Delano is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 November 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 November 2024, up 4.8% 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 | - | - | N/A |
| 2 Bedrooms | $300K | $320K | +6.7% |
| 3 Bedrooms | $360K | $387.2K | +7.6% |
| 4 Bedrooms | $439.8K | $451.4K | +2.6% |
| 5+ Bedrooms | $495K | $472K | -4.6% |
Summary: Delano housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $439.2K | $470.2K | +7.1% |
| Delano | $425K | $445.4K | +4.8% |
| Independence | $842K | $860K | +2.1% |
Housing Supply in Delano, MN
How many homes are available in Delano, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 82 | 0.0% |
Summary: The Delano real estate market had 82 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 32 | 37 | +15.6% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Delano 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 55.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Delano in November 2024, down by 57.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 33 Days | -34.3% |
Summary: Homes in Delano had an average of 33 days on market in Nov 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Delano are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Delano; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
