$2,969 Closing Credit*
$250,000
600 SqFt
2 Beds
•1 Full Bath
Listing Office: LeBlanc Realty
Is Mentor, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mentor has remained a Buyer's Market.
Key Takeaway
Mentor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mentor, MN
How much do homes in Mentor, MN cost?
Median Sold Price
$230,000
$241/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$40,000(-14.8%)
Key Takeaway
Homes in Mentor have sold for 14.8% less than they did a month ago.
Summary: The median home sold price in Mentor was $230,000 in October 2024, down 14.8% from last month, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $230K | N/A |
| 4 Bedrooms | $270K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mentor 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mentor, MN
How many homes are available in Mentor, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Mentor real estate market had 17 homes for sale in October 2024, a 21.4% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mentor 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mentor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mentor in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mentor, MN
How long does it take to sell a home in Mentor, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 45 Days | -36.8% |
Summary: Homes in Mentor had an average of 45 days on market in Oct 2024, down by 36.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mentor are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Mentor; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
