$1,188 Closing Credit*
$100,000
2,040 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is Granite Falls, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Granite Falls has remained a Seller's Market.
Key Takeaway
Granite Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granite Falls, MN
How much do homes in Granite Falls, MN cost?
Median Sold Price
$177,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,750(+6.5%)
Key Takeaway
Homes in Granite Falls have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Granite Falls was $177,000 in November 2024, up 6.5% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $83.1K | $104K | +25.1% |
| 3 Bedrooms | $172K | $178.5K | +3.8% |
| 4 Bedrooms | $222K | $175K | -21.2% |
| 5+ Bedrooms | $190K | $239.5K | +26.1% |
Summary: Granite Falls 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 25.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
| Granite Falls | $166.2K | $177K | +6.5% |
| Granite Falls Township | $166.2K | $177K | +6.5% |
Housing Supply in Granite Falls, MN
How many homes are available in Granite Falls, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Granite Falls real estate market had 22 homes for sale in November 2024, a 4.3% 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 | 2 | -33.3% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Granite Falls 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 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Granite Falls, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Granite Falls in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Granite Falls, MN
How long does it take to sell a home in Granite Falls, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 116 Days | +613.3% |
Summary: Homes in Granite Falls had an average of 116 days on market in Nov 2024, up by 613.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Granite Falls are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Granite Falls; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
