$1,395 Closing Credit*
$117,500
1,344 SqFt
2 Beds
•1 Full Bath
Listing Office: Northwoods Land Office, Inc
Is Hoyt Lakes, 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, Hoyt Lakes has remained a Seller's Market.
Key Takeaway
Hoyt Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hoyt Lakes, MN
How much do homes in Hoyt Lakes, MN cost?
Median Sold Price
$144,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+20.0%)
Key Takeaway
Homes in Hoyt Lakes have sold for 20% more than they did a year ago.
Summary: The median home sold price in Hoyt Lakes was $144,000 in November 2024, up 20% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $101K | $128.5K | +27.2% |
| 3 Bedrooms | $125K | $134.4K | +7.6% |
| 4 Bedrooms | $260K | $239K | -8.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hoyt Lakes 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 27.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes did not change.
Housing Supply in Hoyt Lakes, MN
How many homes are available in Hoyt Lakes, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Hoyt Lakes real estate market had 11 homes for sale in November 2024, a 22.2% increase 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 | 5 | +66.7% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hoyt Lakes 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 increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hoyt Lakes, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Hoyt Lakes in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hoyt Lakes, MN
How long does it take to sell a home in Hoyt Lakes, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 24 Days | -54.7% |
Summary: Homes in Hoyt Lakes had an average of 24 days on market in Nov 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hoyt Lakes are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Hoyt Lakes; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
