$7,112 Closing Credit*
$598,900
2,985 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Counselor Realty Detroit Lakes
Is Frazee, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Frazee has remained a Seller's Market.
Key Takeaway
Frazee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frazee, MN
How much do homes in Frazee, MN cost?
Median Sold Price
$313,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,250(+13.5%)
Key Takeaway
Homes in Frazee have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Frazee was $313,000 in October 2024, up 13.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $255.7K | +93.0% |
| 2 Bedrooms | $205K | $269K | +31.2% |
| 3 Bedrooms | $254K | $310K | +22.0% |
| 4 Bedrooms | $327K | $547K | +67.3% |
| 5+ Bedrooms | $483K | $302K | -37.5% |
Summary: Frazee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93%, 2 bedroom homes increased by 31.2%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 67.3%, and 5+ bedroom homes decreased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Burlington Township | $300K | $396.2K | +32.1% |
| Frazee | $275.7K | $313K | +13.5% |
Housing Supply in Frazee, MN
How many homes are available in Frazee, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Frazee real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Frazee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frazee, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Frazee in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 45 Days | -34.3% |
Summary: Homes in Frazee had an average of 45 days on market in Oct 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
2 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 Frazee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Frazee; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
