$6,709 Closing Credit*
$565,000
2,888 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: HomeAvenue Inc
Is Milaca, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Milaca has remained a Seller's Market.
Key Takeaway
Milaca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milaca, MN
How much do homes in Milaca, MN cost?
Median Sold Price
$297,450
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,450(+16.6%)
Key Takeaway
Homes in Milaca have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Milaca was $297,450 in November 2024, up 16.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $154.5K | -16.5% |
| 2 Bedrooms | $210K | $237.5K | +13.1% |
| 3 Bedrooms | $279.9K | $301.7K | +7.8% |
| 4 Bedrooms | $295K | $330K | +11.9% |
| 5+ Bedrooms | $426.5K | $422.4K | -0.9% |
Summary: Milaca housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Milaca Township | $252.5K | $299.4K | +18.6% |
| Milaca | $255K | $297.4K | +16.6% |
Housing Supply in Milaca, MN
How many homes are available in Milaca, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The Milaca real estate market had 27 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Milaca housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milaca, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Milaca in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Milaca, MN
How long does it take to sell a home in Milaca, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 51 Days | -27.0% |
Summary: Homes in Milaca had an average of 51 days on market in Nov 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milaca has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Milaca; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
