$2,956 Closing Credit*
$248,900
1,000 SqFt
3 Beds
•1 Bath
Listing Office: Joe Sorenson Realty
Is Longfellow, 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, 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
$335,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.6%)
Key Takeaway
Homes in Longfellow have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Longfellow was $335,000 in November 2024, down 0.6% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $174K | -4.7% |
| 2 Bedrooms | $281.2K | $290K | +3.1% |
| 3 Bedrooms | $351.5K | $351.5K | 0.0% |
| 4 Bedrooms | $422.4K | $450K | +6.5% |
| 5+ Bedrooms | $456.5K | $483K | +5.8% |
Summary: Longfellow housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The Longfellow real estate market had 74 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Longfellow housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 14 | -44.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longfellow, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Longfellow in November 2024, down by 44.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +15.0% |
Summary: Homes in Longfellow had an average of 21 days on market in Nov 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 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 November 2024, 14 homes were sold in Longfellow; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
