$3,313 Closing Credit*
$279,000
1,874 SqFt
4 Beds
•1 Full Bath
Listing Office: Lifecycle Real Estate Services
Is Litchfield, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Litchfield was a Seller's Market.
Key Takeaway
Litchfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Litchfield, MN
How much do homes in Litchfield, MN cost?
Median Sold Price
$243,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,100(+5.7%)
Key Takeaway
Homes in Litchfield have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Litchfield was $243,000 in November 2024, up 5.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.6K | $351K | +593.7% |
| 2 Bedrooms | $170K | $225K | +32.4% |
| 3 Bedrooms | $189.4K | $210K | +10.8% |
| 4 Bedrooms | $286.5K | $292.5K | +2.1% |
| 5+ Bedrooms | $385K | $389.9K | +1.3% |
Summary: Litchfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 593.7%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Litchfield | $229.9K | $243K | +5.7% |
| Litchfield Township | $235K | $243K | +3.4% |
Housing Supply in Litchfield, MN
How many homes are available in Litchfield, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Litchfield real estate market had 37 homes for sale in November 2024, a 5.7% increase 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Litchfield 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 increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Litchfield in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 32 Days | -46.4% |
Summary: Homes in Litchfield had an average of 32 days on market in Nov 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
3 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 Litchfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Litchfield; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
