$5,011 Closing Credit*
$422,000
2,656 SqFt
4 Beds
•1 Full Bath
Listing Office: Jack Chivers Realty
Is Frazee, 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, Frazee was a Seller's Market.
Key Takeaway
Frazee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frazee, MN
How much do homes in Frazee, MN cost?
Median Sold Price
$315,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+10.5%)
Key Takeaway
Homes in Frazee have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Frazee was $315,000 in November 2024, up 10.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $255.7K | +93.0% |
| 2 Bedrooms | $237K | $253.5K | +7.0% |
| 3 Bedrooms | $254K | $307.5K | +21.1% |
| 4 Bedrooms | $339K | $547K | +61.4% |
| 5+ Bedrooms | $483K | $302K | -37.5% |
Summary: Frazee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 61.4%, and 5+ bedroom homes decreased by 37.5%.
Housing Supply in Frazee, MN
How many homes are available in Frazee, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Frazee real estate market had 19 homes for sale in November 2024, a 13.6% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Frazee 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 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 Frazee, 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 Frazee in November 2024, down by 75.0% 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 Frazee, MN
How long does it take to sell a home in Frazee, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 73 Days | +68.8% |
Summary: Homes in Frazee had an average of 73 days on market in Nov 2024, up by 68.8% 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 Frazee has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Frazee; 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.
