$6,531 Closing Credit*
$550,000
2,177 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Integrity NW
Is Milaca, 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, 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 October 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 October 2024, up 16.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $154.5K | -16.5% |
| 2 Bedrooms | $212.1K | $237.5K | +12.0% |
| 3 Bedrooms | $278K | $306K | +10.1% |
| 4 Bedrooms | $315K | $327.2K | +3.9% |
| 5+ Bedrooms | $426.5K | $422.4K | -0.9% |
Summary: Milaca housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 3.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Milaca real estate market had 32 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milaca 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 increased by 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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 October 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 59 Days | +13.6% |
Summary: Homes in Milaca had an average of 59 days on market in Oct 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 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 October 2024, 6 homes were sold in Milaca; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
