Is Kerrick, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Kerrick has remained a Seller's Market.
Key Takeaway
Kerrick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kerrick, MN
How much do homes in Kerrick, MN cost?
Median Sold Price
$90,000
$292/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
Key Takeaway
Homes in Kerrick have sold for 84.2% less than they did a month ago.
Summary: The median home sold price in Kerrick was $90,000 in November 2024, down 84.2% from last month, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $90K | -16.7% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $570K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kerrick housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kerrick Township | $570K | $167.5K | -70.6% |
| Kerrick | $570K | $90K | -84.2% |
Housing Supply in Kerrick, MN
How many homes are available in Kerrick, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Summary: The Kerrick real estate market had 2 homes for sale in November 2024, a 60.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kerrick housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Kerrick, 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 Kerrick in November 2024, down by 66.7% 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 Kerrick, MN
How long does it take to sell a home in Kerrick, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 78 Days | +10.4% |
Summary: Homes in Kerrick had an average of 78 days on market in Nov 2024, up by 10.4% compared to last month.
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 Kerrick has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Kerrick; 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.
