$1,864 Closing Credit*
$157,000
1,396 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Parkers Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Parkers Prairie was a Neutral Market.
Key Takeaway
Parkers Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkers Prairie, MN
How much do homes in Parkers Prairie, MN cost?
Median Sold Price
$235,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-1.3%)
Key Takeaway
Homes in Parkers Prairie have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Parkers Prairie was $235,000 in November 2024, down 1.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107K | N/A |
| 2 Bedrooms | $220K | $234.4K | +6.5% |
| 3 Bedrooms | $250K | $232.5K | -7.0% |
| 4 Bedrooms | $268K | $425K | +58.6% |
| 5+ Bedrooms | $234.9K | $690K | +193.7% |
Summary: Parkers Prairie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 58.6%, and 5+ bedroom homes increased by 193.7%.
Median Sold Price Compared To Nearby Cities
| Parkers Prairie | $238K | $235K | -1.3% |
| Parkers Prairie Township | $238K | $235K | -1.3% |
Housing Supply in Parkers Prairie, MN
How many homes are available in Parkers Prairie, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Parkers Prairie real estate market had 10 homes for sale in November 2024, the same as 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 | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Parkers Prairie 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 remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkers Prairie, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Parkers Prairie in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Parkers Prairie, MN
How long does it take to sell a home in Parkers Prairie, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 182 Days | +75.5% |
Summary: Homes in Parkers Prairie had an average of 182 days on market in Nov 2024, up by 75.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Parkers Prairie are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Parkers Prairie; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
