$1,633 Closing Credit*
$137,500
1,092 SqFt
2 Beds
•1 Full Bath
Listing Office: Central MN Realty LLC
Is New York Mills, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, New York Mills was a Neutral Market.
Key Takeaway
New York Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New York Mills, MN
How much do homes in New York Mills, MN cost?
Median Sold Price
$277,000
$122/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$152,500(+122.5%)
Key Takeaway
Homes in New York Mills have sold for 122.5% more than they did a month ago.
Summary: The median home sold price in New York Mills was $277,000 in November 2024, up 122.5% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $78.2K | +13.4% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $318K | N/A |
| 4 Bedrooms | $180K | - | N/A |
| 5+ Bedrooms | - | $355K | N/A |
Summary: New York Mills housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 13.4%, 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 New York Mills, MN
How many homes are available in New York Mills, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The New York Mills real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New York Mills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New York Mills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in New York Mills in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for New York Mills, MN
How long does it take to sell a home in New York Mills, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 59 Days | +223.0% |
Summary: Homes in New York Mills had an average of 59 days on market in Nov 2024, up by 223% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New York Mills has remained consistent over time.
Summary: During November 2024, 4 homes were sold in New York Mills; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
