$4,452 Closing Credit*
$374,900
1,600 SqFt
3 Beds
•1 Full Bath
Listing Office: Schurhammer Real Estate, LLC
Is Mazeppa, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mazeppa was a Seller's Market.
Key Takeaway
Mazeppa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mazeppa, MN
How much do homes in Mazeppa, MN cost?
Median Sold Price
$329,720
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$54,779(-14.2%)
Key Takeaway
Homes in Mazeppa have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Mazeppa was $329,720 in October 2024, down 14.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $384.5K | $329.9K | -14.2% |
| 3 Bedrooms | $522.5K | $300.5K | -42.5% |
| 4 Bedrooms | $234K | $400K | +70.9% |
| 5+ Bedrooms | $655K | - | N/A |
Summary: Mazeppa 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 decreased by 14.2%, 3 bedroom homes decreased by 42.5%, 4 bedroom homes increased by 70.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mazeppa | $384.5K | $329.7K | -14.2% |
| Mazeppa Township | $385K | $329.7K | -14.4% |
Housing Supply in Mazeppa, MN
How many homes are available in Mazeppa, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Mazeppa real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mazeppa 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 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 Mazeppa, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mazeppa in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mazeppa, MN
How long does it take to sell a home in Mazeppa, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 85 Days | +115.2% |
Summary: Homes in Mazeppa had an average of 85 days on market in Oct 2024, up by 115.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mazeppa has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Mazeppa; 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.
