$95,000
Land
Listing Office: LaBelle Real Estate Group Inc
Is Shafer, 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, Shafer was a Seller's Market.
Key Takeaway
Shafer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shafer, MN
How much do homes in Shafer, MN cost?
Median Sold Price
$450,000
$208/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$26,900(-5.6%)
Key Takeaway
Homes in Shafer have sold for 5.6% less than they did a month ago.
Summary: The median home sold price in Shafer was $450,000 in October 2024, down 5.6% from last month, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $394.5K | - | N/A |
| 4 Bedrooms | - | $450K | N/A |
| 5+ Bedrooms | $669K | - | N/A |
Summary: Shafer 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shafer Township | $420K | $409K | -2.6% |
| Shafer | $476.9K | $450K | -5.6% |
Housing Supply in Shafer, MN
How many homes are available in Shafer, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Shafer real estate market had 10 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Shafer 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 decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shafer, 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 Shafer in October 2024, down by 66.7% month-over-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 Shafer, MN
How long does it take to sell a home in Shafer, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 25 Days | -34.2% |
Summary: Homes in Shafer had an average of 25 days on market in Oct 2024, down by 34.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shafer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Shafer; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
