$13,000
Land
Listing Office: Help-U-Sell Heritage Real Est.
Is Ellendale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ellendale was a Neutral Market.
Key Takeaway
Ellendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellendale, MN
How much do homes in Ellendale, MN cost?
Median Sold Price
$326,000
$174/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$30,000(+10.1%)
Key Takeaway
Homes in Ellendale have sold for 10.1% more than they did a month ago.
Summary: The median home sold price in Ellendale was $326,000 in December 2024, up 10.1% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $296K | $141K | -52.4% |
| 4 Bedrooms | - | $511K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ellendale 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 decreased by 52.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ellendale, MN
How many homes are available in Ellendale, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Ellendale real estate market had 5 homes for sale in December 2024, a 16.7% 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 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ellendale 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ellendale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ellendale in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ellendale, MN
How long does it take to sell a home in Ellendale, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 Days | 81 Days | +3975.0% |
Summary: Homes in Ellendale had an average of 81 days on market in Dec 2024, up by 3975% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ellendale has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Ellendale; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
