$2,374 Closing Credit*
$199,900
1,200 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 Twin Lakes Realty
Is Palisade, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Palisade has remained a Seller's Market.
Key Takeaway
Palisade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palisade, MN
How much do homes in Palisade, MN cost?
Median Sold Price
$225,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$61,500(-21.5%)
Key Takeaway
Homes in Palisade have sold for 21.5% less than they did a year ago.
Summary: The median home sold price in Palisade was $225,000 in November 2024, down 21.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $132.5K | +4.3% |
| 2 Bedrooms | $320K | $219K | -31.6% |
| 3 Bedrooms | $320K | $375K | +17.2% |
| 4 Bedrooms | $249.5K | $305K | +22.2% |
| 5+ Bedrooms | $425K | $490K | +15.3% |
Summary: Palisade housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in Palisade, MN
How many homes are available in Palisade, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Palisade real estate market had 14 homes for sale in November 2024, a 7.7% increase 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Palisade 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 decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 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 Palisade, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Palisade in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Palisade, MN
How long does it take to sell a home in Palisade, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 64 Days | +869.0% |
Summary: Homes in Palisade had an average of 64 days on market in Nov 2024, up by 869% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palisade are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Palisade; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
