$2,969 Closing Credit*
$250,000
728 SqFt
1 Bed
•1 Bath
Listing Office: All-Star Realty, Inc.
Is Kerkhoven, 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, Kerkhoven has remained a Seller's Market.
Key Takeaway
Kerkhoven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kerkhoven, MN
How much do homes in Kerkhoven, MN cost?
Median Sold Price
$225,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,500(+48.5%)
Key Takeaway
Homes in Kerkhoven have sold for 48.5% more than they did a year ago.
Summary: The median home sold price in Kerkhoven was $225,000 in November 2024, up 48.5% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $225K | N/A |
| 3 Bedrooms | $114K | $201K | +76.3% |
| 4 Bedrooms | $170K | $270K | +58.8% |
| 5+ Bedrooms | $190K | $133K | -30.0% |
Summary: Kerkhoven 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 did not change, 3 bedroom homes increased by 76.3%, 4 bedroom homes increased by 58.8%, and 5+ bedroom homes decreased by 30%.
Housing Supply in Kerkhoven, MN
How many homes are available in Kerkhoven, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Kerkhoven real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kerkhoven 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kerkhoven, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Kerkhoven in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Kerkhoven, MN
How long does it take to sell a home in Kerkhoven, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 109 Days | +2625.0% |
Summary: Homes in Kerkhoven had an average of 109 days on market in Nov 2024, up by 2625% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kerkhoven are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Kerkhoven; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
