$435,000
Land
Listing Office: Lakes Family Real Estate/Otter Tail Real Estate
Is Henning, 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, Henning was a Neutral Market.
Key Takeaway
Henning is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Henning, MN
How much do homes in Henning, MN cost?
Median Sold Price
$213,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$137,000(-39.1%)
Key Takeaway
Homes in Henning have sold for 39.1% less than they did a year ago.
Summary: The median home sold price in Henning was $213,000 in November 2024, down 39.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.7K | - | N/A |
| 2 Bedrooms | $219K | $305K | +39.3% |
| 3 Bedrooms | $500K | $142.5K | -71.5% |
| 4 Bedrooms | $98.6K | $305K | +209.3% |
| 5+ Bedrooms | $719.9K | $98K | -86.4% |
Summary: Henning 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 39.3%, 3 bedroom homes decreased by 71.5%, 4 bedroom homes increased by 209.3%, and 5+ bedroom homes decreased by 86.4%.
Median Sold Price Compared To Nearby Cities
| Henning Township | $350K | $214K | -38.9% |
| Henning | $350K | $213K | -39.1% |
Housing Supply in Henning, MN
How many homes are available in Henning, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Henning real estate market had 18 homes for sale in November 2024, a 10.0% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Henning 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 Henning, 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 Henning in November 2024, down by 50.0% 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 Henning, MN
How long does it take to sell a home in Henning, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 81 Days | +376.5% |
Summary: Homes in Henning had an average of 81 days on market in Nov 2024, up by 376.5% 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 Henning has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Henning; 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.
