$3,384 Closing Credit*
$285,000
1,916 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Housing Prices in Phillips, MN
How much do homes in Phillips, MN cost?
Median List Price
$225,000
$155/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$100(0.0%)
Key Takeaway
The list price of homes in Phillips has remained the same since last year.
Summary: The median home list price in Phillips was $225,000 in October 2024, the same as the previous year, and the median price per square foot was $155.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.4K | $154.9K | -12.7% |
| 2 Bedrooms | $199K | $207K | +4.0% |
| 3 Bedrooms | $224.9K | $225K | 0.0% |
| 4 Bedrooms | $268K | $265K | -1.1% |
| 5+ Bedrooms | $325K | $360K | +10.8% |
Summary: Phillips housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 10.8%.
Median List Price Compared To Nearby Neighborhoods
| Ventura Village | $147.1K | $174K | +18.2% |
| East Phillips | $224.9K | $262.4K | +16.7% |
| Phillips West | $207K | $220K | +6.3% |
| Phillips | $224.9K | $225K | 0.0% |
| Midtown Phillips | $274.9K | $239.4K | -12.9% |
Housing Supply in Phillips, MN
How many homes are available in Phillips, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Phillips real estate market had 40 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Phillips housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Days on Market for Phillips, MN
How long does it take to sell a home in Phillips, MN?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 121 Days | 82 Days | -32.4% |
Summary: Homes in Phillips had an average listing age of 82 days in Oct 2024, down by 32.4% compared to the previous year.
