$5,224 Closing Credit*
$439,900
864 SqFt
2 Beds
•1 Full Bath
Listing Office: Heartland Real Estate
Is Longville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Longville was a Seller's Market.
Key Takeaway
Longville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Longville, MN
How much do homes in Longville, MN cost?
Median Sold Price
$362,500
$252/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$22,450(-5.8%)
Key Takeaway
Homes in Longville have sold for 5.8% less than they did a month ago.
Summary: The median home sold price in Longville was $362,500 in October 2024, down 5.8% from last month, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $341.2K | $395K | +15.8% |
| 3 Bedrooms | $284.9K | $277.4K | -2.6% |
| 4 Bedrooms | $770K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Longville housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Longville, MN
How many homes are available in Longville, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Longville real estate market had 29 homes for sale in October 2024, a 7.4% 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Longville 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 decreased by 11.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Longville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Longville in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Longville, MN
How long does it take to sell a home in Longville, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 46 Days | +115.8% |
Summary: Homes in Longville had an average of 46 days on market in Oct 2024, up by 115.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Longville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Longville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
