$9,618 Closing Credit*
$809,900
4,496 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is New Germany, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, New Germany was a Seller's Market.
Key Takeaway
New Germany is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Germany, MN
How much do homes in New Germany, MN cost?
Median Sold Price
$300,000
$148/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since August 2023.
Key Takeaway
The sold price of homes in New Germany has remained the same since last year.
Summary: The median home sold price in New Germany was $300,000 in August 2024, the same as last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $230K | $286K | +24.3% |
| 3 Bedrooms | $262.5K | $300K | +14.3% |
| 4 Bedrooms | $485K | $650K | +34.0% |
| 5+ Bedrooms | $335K | $339K | +1.2% |
Summary: New Germany housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in New Germany, MN
How many homes are available in New Germany, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The New Germany real estate market had 9 homes for sale in August 2024, a 28.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Germany housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Germany, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in New Germany in August 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for New Germany, MN
How long does it take to sell a home in New Germany, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 11 Days | 40 Days | +263.6% |
Summary: Homes in New Germany had an average of 40 days on market in Aug 2024, up by 263.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Germany has remained consistent over time.
Summary: During August 2024, 1 homes were sold in New Germany; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
