$6,294 Closing Credit*
$530,000
2,068 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Rush City, 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, Rush City has remained a Seller's Market.
Key Takeaway
Rush City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rush City, MN
How much do homes in Rush City, MN cost?
Median Sold Price
$310,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.3%)
Key Takeaway
Homes in Rush City have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Rush City was $310,000 in November 2024, up 3.3% 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 | $195K | $135K | -30.8% |
| 2 Bedrooms | $290K | $289K | -0.3% |
| 3 Bedrooms | $300K | $310K | +3.3% |
| 4 Bedrooms | $384.9K | $310K | -19.5% |
| 5+ Bedrooms | $297K | - | N/A |
Summary: Rush City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rush City | $300K | $310K | +3.3% |
| Nessel Township | $452.5K | $400K | -11.6% |
Housing Supply in Rush City, MN
How many homes are available in Rush City, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 14 | -39.1% |
Summary: The Rush City real estate market had 14 homes for sale in November 2024, a 39.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 6 | -50.0% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rush City 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 increased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rush City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rush City in November 2024, down by 75.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rush City, MN
How long does it take to sell a home in Rush City, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 51 Days | -25.5% |
Summary: Homes in Rush City had an average of 51 days on market in Nov 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rush City has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Rush City; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
