$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 December 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
$275,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$56,000(+25.6%)
Key Takeaway
Homes in Palisade have sold for 25.6% more than they did a year ago.
Summary: The median home sold price in Palisade was $275,000 in December 2024, up 25.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $132.5K | +4.3% |
| 2 Bedrooms | $219K | $219K | 0.0% |
| 3 Bedrooms | $385K | $375K | -2.6% |
| 4 Bedrooms | - | $305K | N/A |
| 5+ Bedrooms | $425K | $490K | +15.3% |
Summary: Palisade housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.6%, 4 bedroom homes did not change, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Summary: The Palisade real estate market had 8 homes for sale in December 2024, a 38.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palisade housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palisade in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 48 Days | 51 Days | +6.2% |
Summary: Homes in Palisade had an average of 51 days on market in Dec 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palisade has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Palisade; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
