$1,900 Closing Credit*
$160,000
1,240 SqFt
3 Beds
•1 Full Bath, 1 Partial
Yoana Sol, Listing Office: 1 Roof Community Housing
Is Proctor, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Proctor was a Buyer's Market.
Key Takeaway
Proctor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Proctor, MN
How much do homes in Proctor, MN cost?
Median Sold Price
$370,500
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$70,500(+23.5%)
Key Takeaway
Homes in Proctor have sold for 23.5% more than they did a month ago.
Summary: The median home sold price in Proctor was $370,500 in October 2024, up 23.5% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $200.3K | N/A |
| 3 Bedrooms | $300K | $370.5K | +23.5% |
| 4 Bedrooms | - | $449.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Proctor housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 23.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Proctor | $300K | $370.5K | +23.5% |
| Hermantown | $399.9K | $427.5K | +6.9% |
| Midway Township | $650K | $580K | -10.8% |
Housing Supply in Proctor, MN
How many homes are available in Proctor, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Proctor real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Proctor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Proctor, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Proctor in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Proctor, MN
How long does it take to sell a home in Proctor, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 8 Days | +45.8% |
Summary: Homes in Proctor had an average of 8 days on market in Oct 2024, up by 45.8% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Proctor are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Proctor; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
