$4,038 Closing Credit*
$340,000
1,272 SqFt
2 Beds
•2 Baths
Listing Office: RE/MAX Today's Properties
Is Litchfield, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Litchfield was a Seller's Market.
Key Takeaway
Litchfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Litchfield, MN
How much do homes in Litchfield, MN cost?
Median Sold Price
$236,750
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,250(+4.1%)
Key Takeaway
Homes in Litchfield have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Litchfield was $236,750 in October 2024, up 4.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $169.9K | $220K | +29.5% |
| 3 Bedrooms | $189.9K | $210K | +10.6% |
| 4 Bedrooms | $281.4K | $295K | +4.8% |
| 5+ Bedrooms | $457K | $333.9K | -26.9% |
Summary: Litchfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Cities
| Darwin Township | $245K | $374K | +52.7% |
| Litchfield | $227.5K | $236.7K | +4.1% |
| Litchfield Township | $234K | $236.7K | +1.2% |
Housing Supply in Litchfield, MN
How many homes are available in Litchfield, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Litchfield real estate market had 34 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Litchfield 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 increased by 200%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Litchfield in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Litchfield, MN
How long does it take to sell a home in Litchfield, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 30 Days | -21.1% |
Summary: Homes in Litchfield had an average of 30 days on market in Oct 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Litchfield has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Litchfield; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
