$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
$239,400
$226/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$110,600(-31.6%)
Key Takeaway
Homes in Eagle Lake have sold for 31.6% less than they did a month ago.
Summary: The median home sold price in Eagle Lake was $239,400 in November 2024, down 31.6% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | - | N/A |
| 3 Bedrooms | $300K | $222.7K | -25.8% |
| 4 Bedrooms | $347.6K | - | N/A |
| 5+ Bedrooms | $380K | $390K | +2.6% |
Summary: Eagle Lake 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 decreased by 25.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.6%.
Housing Supply in Eagle Lake, MN
How many homes are available in Eagle Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Summary: The Eagle Lake real estate market had 8 homes for sale in November 2024, a 33.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Eagle Lake 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 40%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eagle Lake, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Eagle Lake in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 15 Days | -79.6% |
Summary: Homes in Eagle Lake had an average of 15 days on market in Nov 2024, down by 79.6% compared to last month.
Breakdown of Home Sale Times
2 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 Eagle Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Eagle Lake; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
