$5,225 Closing Credit*
$440,000
2,840 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is Slayton, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Slayton has remained a Seller's Market.
Key Takeaway
Slayton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Slayton, MN
How much do homes in Slayton, MN cost?
Median Sold Price
$254,750
$186/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$82,750(+48.1%)
Key Takeaway
Homes in Slayton have sold for 48.1% more than they did a month ago.
Summary: The median home sold price in Slayton was $254,750 in December 2024, up 48.1% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | - | N/A |
| 3 Bedrooms | $172K | $223K | +29.7% |
| 4 Bedrooms | $169K | $286.5K | +69.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Slayton 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 increased by 29.7%, 4 bedroom homes increased by 69.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Slayton | $172K | $254.7K | +48.1% |
| Slayton Township | $172K | $254.7K | +48.1% |
Housing Supply in Slayton, MN
How many homes are available in Slayton, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Slayton real estate market had 15 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Slayton 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 18.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Slayton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Slayton in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Slayton, MN
How long does it take to sell a home in Slayton, MN?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 61 Days | +159.5% |
Summary: Homes in Slayton had an average of 61 days on market in Dec 2024, up by 159.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Slayton are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Slayton; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
