$6,530 Closing Credit*
$549,900
3,003 SqFt
3 Beds
•3 Full Baths
Listing Office: Coldwell Banker Realty
Is Longfellow, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Longfellow has remained a Seller's Market.
Key Takeaway
Longfellow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Longfellow, MN
How much do homes in Longfellow, MN cost?
Median Sold Price
$330,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-1.5%)
Key Takeaway
Homes in Longfellow have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Longfellow was $330,000 in October 2024, down 1.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $182.5K | -2.7% |
| 2 Bedrooms | $280K | $285K | +1.8% |
| 3 Bedrooms | $351.5K | $348.5K | -0.9% |
| 4 Bedrooms | $425K | $445K | +4.7% |
| 5+ Bedrooms | $456.5K | $483K | +5.8% |
Summary: Longfellow housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Longfellow, MN
How many homes are available in Longfellow, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 78 | -2.5% |
Summary: The Longfellow real estate market had 78 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 32 | 27 | -15.6% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Longfellow housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longfellow, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Longfellow in October 2024, the same as the previous month. Of the 23 sold homes, 30% were sold under asking, 13% were sold at asking, and 57% were sold over asking.
Days on Market for Longfellow, MN
How long does it take to sell a home in Longfellow, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 20 Days | +56.1% |
Summary: Homes in Longfellow had an average of 20 days on market in Oct 2024, up by 56.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longfellow are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Longfellow; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
