$4,453 Closing Credit*
$375,000
2,905 SqFt
Listing Office: RE/MAX Results
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
Since last month, Proctor has remained a Seller'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
$163,950
$152/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$206,550(-55.7%)
Key Takeaway
Homes in Proctor have sold for 55.7% less than they did a month ago.
Summary: The median home sold price in Proctor was $163,950 in November 2024, down 55.7% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200.3K | - | N/A |
| 3 Bedrooms | $370.5K | $163.9K | -55.7% |
| 4 Bedrooms | $449.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Proctor housing prices by bedroom type for November 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 decreased by 55.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hermantown | $405K | $392.5K | -3.1% |
| Midway Township | $580K | $267.4K | -53.9% |
| Proctor | $370.5K | $163.9K | -55.7% |
Housing Supply in Proctor, MN
How many homes are available in Proctor, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Summary: The Proctor real estate market had 7 homes for sale in November 2024, a 50.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Proctor 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Proctor, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Proctor in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 24 Days | +180.0% |
Summary: Homes in Proctor had an average of 24 days on market in Nov 2024, up by 180% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 2 homes were sold in Proctor; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
