$7,707 Closing Credit*
$649,000
4,102 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Edina Realty, Inc.
Is Oronoco, 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, Oronoco was a Seller's Market.
Key Takeaway
Oronoco is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oronoco, MN
How much do homes in Oronoco, MN cost?
Median Sold Price
$404,000
$188/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$106,000(-20.8%)
Key Takeaway
Homes in Oronoco have sold for 20.8% less than they did a month ago.
Summary: The median home sold price in Oronoco was $404,000 in October 2024, down 20.8% from last month, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $654.5K | $404K | -38.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Oronoco 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 38.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Haven Township | $305.7K | $424.9K | +39.0% |
| Oronoco | $510K | $404K | -20.8% |
Housing Supply in Oronoco, MN
How many homes are available in Oronoco, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Oronoco real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Oronoco housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oronoco, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Oronoco in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Oronoco, MN
How long does it take to sell a home in Oronoco, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 10 Days | -84.6% |
Summary: Homes in Oronoco had an average of 10 days on market in Oct 2024, down by 84.6% 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 Oronoco are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Oronoco; 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.
