Is Randolph, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Randolph has remained a Seller's Market.

Key Takeaway

Randolph is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Randolph, MN

How much do homes in Randolph, MN cost?

Median Sold Price

$388,000

$204/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$186,000(-32.4%)

Key Takeaway

Homes in Randolph have sold for 32.4% less than they did a month ago.

Summary: The median home sold price in Randolph was $388,000 in December 2024, down 32.4% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $574K-
N/A
4 -$388K
N/A
5+ --
N/A

Summary: Randolph housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Randolph
-32.4%
Randolph Township
-32.4%

Housing Supply in Randolph, MN

How many homes are available in Randolph, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
330.0%

Summary: The Randolph real estate market had 3 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Randolph housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Randolph, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Randolph in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Randolph, MN

How long does it take to sell a home in Randolph, MN?

Average Sale Time

Nov 2024Dec 2024CHANGE
86 Days41 Days-52.3%

Summary: Homes in Randolph had an average of 41 days on market in Dec 2024, down by 52.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Avg time on Rocket Homes in Randolph has remained consistent over time.

Summary: During December 2024, 1 homes were sold in Randolph; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Randolph, MN