$1,621 Closing Credit*
$136,500
550 SqFt
1 Bed
•1 Bath
Listing Office: McGregor Realty & Property
Is Jacobson, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Jacobson was a Neutral Market.
Key Takeaway
Jacobson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jacobson, MN
How much do homes in Jacobson, MN cost?
Median Sold Price
$195,000
$185/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$190,000(-49.4%)
Key Takeaway
Homes in Jacobson have sold for 49.4% less than they did a month ago.
Summary: The median home sold price in Jacobson was $195,000 in October 2024, down 49.4% from last month, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $195K | N/A |
| 3 Bedrooms | $385K | $440K | +14.3% |
| 4 Bedrooms | - | $875K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Jacobson housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jacobson | $385K | $195K | -49.4% |
| Ball Bluff Township | $385K | $195K | -49.4% |
Housing Supply in Jacobson, MN
How many homes are available in Jacobson, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Jacobson real estate market had 7 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jacobson housing inventory by bedroom type for October 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 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jacobson, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Jacobson in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Jacobson, MN
How long does it take to sell a home in Jacobson, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 49 Days | -34.7% |
Summary: Homes in Jacobson had an average of 49 days on market in Oct 2024, down by 34.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jacobson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Jacobson; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
