$2,909 Closing Credit*
$245,000
1,436 SqFt
2 Beds
•1 Full Bath
Listing Office: True Real Estate
Is Eagle Lake, 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, Eagle Lake has remained a Seller's Market.
Key Takeaway
Eagle Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eagle Lake, MN
How much do homes in Eagle Lake, MN cost?
Median Sold Price
$360,000
$235/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$120,600(+50.4%)
Key Takeaway
Homes in Eagle Lake have sold for 50.4% more than they did a month ago.
Summary: The median home sold price in Eagle Lake was $360,000 in December 2024, up 50.4% from last month, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $360K | N/A |
| 3 Bedrooms | $222.7K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $390K | - | N/A |
Summary: Eagle Lake housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Eagle Lake, MN
How many homes are available in Eagle Lake, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Eagle Lake real estate market had 5 homes for sale in December 2024, a 37.5% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Eagle Lake 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eagle Lake, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Eagle Lake in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Eagle Lake, MN
How long does it take to sell a home in Eagle Lake, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 Days | 161 Days | +950.0% |
Summary: Homes in Eagle Lake had an average of 161 days on market in Dec 2024, up by 950% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Eagle Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 1 homes were sold in Eagle Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
