$10,000 Closing Credit*
$949,900
3,158 SqFt
5 Beds
•4 Baths
Listing Office: First Impressions Home Group
Is First Assessment, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, First Assessment has remained a Seller's Market.
Key Takeaway
First Assessment is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in First Assessment, MN
How much do homes in First Assessment, MN cost?
Median Sold Price
$399,900
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$44,900(+12.6%)
Key Takeaway
Homes in First Assessment have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in First Assessment was $399,900 in September 2024, up 12.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $150K | -48.3% |
| 2 Bedrooms | $341.6K | $245.5K | -28.1% |
| 3 Bedrooms | $322.7K | $399K | +23.6% |
| 4 Bedrooms | $491.2K | $400K | -18.6% |
| 5+ Bedrooms | $746.8K | $680K | -9.0% |
Summary: First Assessment housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.3%, 2 bedroom homes decreased by 28.1%, 3 bedroom homes increased by 23.6%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 9%.
Housing Supply in First Assessment, MN
How many homes are available in First Assessment, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Summary: The First Assessment real estate market had 44 homes for sale in September 2024, a 2.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The First Assessment housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in First Assessment, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in First Assessment in September 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for First Assessment, MN
How long does it take to sell a home in First Assessment, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 75 Days | 26 Days | -65.0% |
Summary: Homes in First Assessment had an average of 26 days on market in Sep 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in First Assessment are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in First Assessment; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
