$4,156 Closing Credit*
$350,000
1,536 SqFt
3 Beds
•1 Full Bath
Listing Office: Northern Lights Realty, LLC
Is Mora, 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, Mora has remained a Seller's Market.
Key Takeaway
Mora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mora, MN
How much do homes in Mora, MN cost?
Median Sold Price
$278,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+13.5%)
Key Takeaway
Homes in Mora have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Mora was $278,000 in November 2024, up 13.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $157K | -8.2% |
| 2 Bedrooms | $282K | $231K | -18.1% |
| 3 Bedrooms | $249.9K | $282.8K | +13.2% |
| 4 Bedrooms | $230K | $300K | +30.4% |
| 5+ Bedrooms | $430K | $462.5K | +7.6% |
Summary: Mora housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Arthur Township | $279.9K | $361.2K | +29.1% |
| Mora | $245K | $278K | +13.5% |
Housing Supply in Mora, MN
How many homes are available in Mora, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Summary: The Mora real estate market had 42 homes for sale in November 2024, a 8.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mora housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mora, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Mora in November 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Mora, MN
How long does it take to sell a home in Mora, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +3.4% |
Summary: Homes in Mora had an average of 29 days on market in Nov 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mora are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Mora; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
