$4,452 Closing Credit*
$374,900
2,924 SqFt
5 Beds
•3 Full Baths
Listing Office: Tru North Realty
Is Newfolden, 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, Newfolden has remained a Seller's Market.
Key Takeaway
Newfolden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newfolden, MN
How much do homes in Newfolden, MN cost?
Median Sold Price
$187,000
$138/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$148,000(-44.2%)
Key Takeaway
Homes in Newfolden have sold for 44.2% less than they did a month ago.
Summary: The median home sold price in Newfolden was $187,000 in November 2024, down 44.2% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $187K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $335K | - | N/A |
Summary: Newfolden 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 Newfolden, MN
How many homes are available in Newfolden, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Newfolden real estate market had 2 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Newfolden 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
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 Newfolden, 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 Newfolden in November 2024, the same as the previous 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 Newfolden, MN
How long does it take to sell a home in Newfolden, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 14 Days | -82.9% |
Summary: Homes in Newfolden had an average of 14 days on market in Nov 2024, down by 82.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newfolden are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Newfolden; 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.
