$6,442 Closing Credit*
$542,500
2,944 SqFt
3 Beds
•2 Full Baths
Listing Office: New Century Real Estate
Is Royalton, 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, Royalton was a Buyer's Market.
Key Takeaway
Royalton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Royalton, MN
How much do homes in Royalton, MN cost?
Median Sold Price
$193,000
$153/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$62,000(-24.3%)
Key Takeaway
Homes in Royalton have sold for 24.3% less than they did a month ago.
Summary: The median home sold price in Royalton was $193,000 in October 2024, down 24.3% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $152K | N/A |
| 3 Bedrooms | $255K | $234K | -8.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Royalton 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 decreased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Royalton, MN
How many homes are available in Royalton, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Royalton real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Royalton 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Royalton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Royalton in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Royalton, MN
How long does it take to sell a home in Royalton, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 20 Days | -64.7% |
Summary: Homes in Royalton had an average of 20 days on market in Oct 2024, down by 64.7% 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 Royalton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Royalton; 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.
