$1,899 Closing Credit*
$159,900
1,054 SqFt
3 Beds
•1 Full Bath
Listing Office: Wolff & Simon Real Estate
Is Nevis, 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, Nevis has remained a Buyer's Market.
Key Takeaway
Nevis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nevis, MN
How much do homes in Nevis, MN cost?
Median Sold Price
$387,500
$222/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$460,000(-54.3%)
Key Takeaway
Homes in Nevis have sold for 54.3% less than they did a month ago.
Summary: The median home sold price in Nevis was $387,500 in November 2024, down 54.3% from last month, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | - | N/A |
| 3 Bedrooms | - | $387.5K | N/A |
| 4 Bedrooms | $1.2M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Nevis housing prices by bedroom type for November 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 Nevis, MN
How many homes are available in Nevis, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Nevis real estate market had 20 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nevis 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 Nevis, 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 Nevis in November 2024, the same as the previous 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 Nevis, MN
How long does it take to sell a home in Nevis, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 98 Days | +790.9% |
Summary: Homes in Nevis had an average of 98 days on market in Nov 2024, up by 790.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nevis has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Nevis; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
