$3,383 Closing Credit*
$284,900
1,696 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Realty Integrity
Is Powderhorn, 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, Powderhorn has remained a Seller's Market.
Key Takeaway
Powderhorn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powderhorn, MN
How much do homes in Powderhorn, MN cost?
Median Sold Price
$295,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,619(+3.4%)
Key Takeaway
Homes in Powderhorn have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Powderhorn was $295,000 in November 2024, up 3.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.6K | $125.3K | +1.4% |
| 2 Bedrooms | $225.5K | $229K | +1.6% |
| 3 Bedrooms | $310K | $320K | +3.2% |
| 4 Bedrooms | $360K | $370K | +2.8% |
| 5+ Bedrooms | $380K | $397.5K | +4.6% |
Summary: Powderhorn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Powderhorn | $285.3K | $295K | +3.4% |
| Powderhorn Park | $296K | $292.5K | -1.2% |
Housing Supply in Powderhorn, MN
How many homes are available in Powderhorn, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 130 | -0.8% |
Summary: The Powderhorn real estate market had 130 homes for sale in November 2024, a 0.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 31 | +19.2% |
| 2 Bedrooms | 34 | 39 | +14.7% |
| 3 Bedrooms | 42 | 32 | -23.8% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Powderhorn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powderhorn, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Powderhorn in November 2024, down by 9.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Powderhorn, MN
How long does it take to sell a home in Powderhorn, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +47.6% |
Summary: Homes in Powderhorn had an average of 32 days on market in Nov 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Powderhorn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Powderhorn; 57% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
