$1,661 Closing Credit*
$139,900
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 Seller's Market.
Key Takeaway
New York Mills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New York Mills, MN
How much do homes in New York Mills, MN cost?
Median Sold Price
$124,500
$78/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$123,625(-49.8%)
Key Takeaway
Homes in New York Mills have sold for 49.8% less than they did a month ago.
Summary: The median home sold price in New York Mills was $124,500 in October 2024, down 49.8% from last month, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $69K | N/A |
| 2 Bedrooms | $258.6K | - | N/A |
| 3 Bedrooms | $181.9K | - | N/A |
| 4 Bedrooms | $262K | $180K | -31.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: New York Mills housing prices by bedroom type for October 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 decreased by 31.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Summary: The New York Mills real estate market had 18 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New York Mills 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 decreased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in New York Mills in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 18 Days | -59.8% |
Summary: Homes in New York Mills had an average of 18 days on market in Oct 2024, down by 59.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New York Mills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in New York Mills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
