$82,500
Land
Listing Office: Whitetail Properties Real
Is Sandstone, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Sandstone was a Seller's Market.
Key Takeaway
Sandstone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sandstone, MN
How much do homes in Sandstone, MN cost?
Median Sold Price
$265,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,000(+34.5%)
Key Takeaway
Homes in Sandstone have sold for 34.5% more than they did a year ago.
Summary: The median home sold price in Sandstone was $265,000 in November 2024, up 34.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.9K | $92.5K | -15.1% |
| 2 Bedrooms | $190K | $159.9K | -15.8% |
| 3 Bedrooms | $250K | $300K | +20.0% |
| 4 Bedrooms | $183.7K | $320K | +74.1% |
| 5+ Bedrooms | $650K | $400K | -38.5% |
Summary: Sandstone housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 74.1%, and 5+ bedroom homes decreased by 38.5%.
Median Sold Price Compared To Nearby Cities
| Sandstone | $197K | $265K | +34.5% |
| Sandstone Township | $197K | $265K | +34.5% |
Housing Supply in Sandstone, MN
How many homes are available in Sandstone, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Sandstone real estate market had 18 homes for sale in November 2024, a 5.3% 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sandstone 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 22.2%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 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 Sandstone, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sandstone in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sandstone, MN
How long does it take to sell a home in Sandstone, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 71 Days | +93.2% |
Summary: Homes in Sandstone had an average of 71 days on market in Nov 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sandstone has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Sandstone; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
