$139,000
Land
Listing Office: Lake Country Properties
Is Emily, 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, Emily was a Seller's Market.
Key Takeaway
Emily is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Emily, MN
How much do homes in Emily, MN cost?
Median Sold Price
$390,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,500(+13.5%)
Key Takeaway
Homes in Emily have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Emily was $390,000 in November 2024, up 13.5% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $482.5K | - | N/A |
| 2 Bedrooms | $217.5K | $390K | +79.3% |
| 3 Bedrooms | $369K | $400K | +8.4% |
| 4 Bedrooms | $595K | $370K | -37.8% |
| 5+ Bedrooms | $338.5K | $630.5K | +86.3% |
Summary: Emily 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 79.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 37.8%, and 5+ bedroom homes increased by 86.3%.
Housing Supply in Emily, MN
How many homes are available in Emily, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Summary: The Emily real estate market had 6 homes for sale in November 2024, a 45.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Emily 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 60%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emily, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Emily in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Emily, MN
How long does it take to sell a home in Emily, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 50 Days | +100.0% |
Summary: Homes in Emily had an average of 50 days on market in Nov 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Emily has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Emily; 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.
