Is Mazeppa, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mazeppa is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $384.5K$329.9K
-14.2%
3 $522.5K$300.5K
-42.5%
4 $234K$400K
+70.9%
5+ $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
-14.2%
Mazeppa Township
-14.4%

Housing Supply in Mazeppa, MN

How many homes are available in Mazeppa, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1412-14.3%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 64
-33.3%
4 22
0.0%
5+ 12
+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 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
39 Days85 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Mazeppa, MN

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