$1,146 Closing Credit*
$96,500
676 SqFt
1 Bed
Julie Sathers, Listing Office: JS Realty
Is Makinen, 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, Makinen has remained a Seller's Market.
Key Takeaway
Makinen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Makinen, MN
How much do homes in Makinen, MN cost?
Median Sold Price
$246,798
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,202(-6.9%)
Key Takeaway
Homes in Makinen have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Makinen was $246,798 in October 2024, down 6.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $246.7K | +17.5% |
| 3 Bedrooms | $249K | $343.5K | +38.0% |
| 4 Bedrooms | $425K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Makinen 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 17.5%, 3 bedroom homes increased by 38%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Makinen, MN
How many homes are available in Makinen, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Makinen real estate market had 10 homes for sale in October 2024, a 23.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Makinen housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Makinen, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Makinen in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Makinen, MN
How long does it take to sell a home in Makinen, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 67 Days | +419.2% |
Summary: Homes in Makinen had an average of 67 days on market in Oct 2024, up by 419.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Makinen has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Makinen; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
