$199,000
Land
Listing Office: Greenberg Realty
Is Erskine, 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, Erskine has remained a Seller's Market.
Key Takeaway
Erskine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Erskine, MN
How much do homes in Erskine, MN cost?
Median Sold Price
$105,000
$69/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$94,000(-47.2%)
Key Takeaway
Homes in Erskine have sold for 47.2% less than they did a month ago.
Summary: The median home sold price in Erskine was $105,000 in October 2024, down 47.2% from last month, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | - | N/A |
| 3 Bedrooms | $199K | $105K | -47.2% |
| 4 Bedrooms | $229K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Erskine housing prices by bedroom type for October 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 47.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Badger Township | $172.2K | $223K | +29.5% |
| Erskine | $199K | $105K | -47.2% |
Housing Supply in Erskine, MN
How many homes are available in Erskine, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Erskine real estate market had 5 homes for sale in October 2024, a 37.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Erskine housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Erskine, 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 Erskine in October 2024, down by 66.7% 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 Erskine, MN
How long does it take to sell a home in Erskine, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 Days | 28 Days | -75.1% |
Summary: Homes in Erskine had an average of 28 days on market in Oct 2024, down by 75.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Erskine are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Erskine; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
