$3,147 Closing Credit*
$265,000
1,764 SqFt
3 Beds
•1 Full Bath
Listing Office: Keller Williams Premier Realty
Is Spring Grove, 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, Spring Grove has remained a Seller's Market.
Key Takeaway
Spring Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Grove, MN
How much do homes in Spring Grove, MN cost?
Median Sold Price
$120,000
$108/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$197,000(-62.1%)
Key Takeaway
Homes in Spring Grove have sold for 62.1% less than they did a month ago.
Summary: The median home sold price in Spring Grove was $120,000 in November 2024, down 62.1% from last month, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | - | N/A |
| 3 Bedrooms | $317K | $105K | -66.9% |
| 4 Bedrooms | $340K | $247.8K | -27.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Spring Grove housing prices by bedroom type for November 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 66.9%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spring Grove | $317K | $120K | -62.1% |
| Spring Grove Township | $317K | $120K | -62.1% |
Housing Supply in Spring Grove, MN
How many homes are available in Spring Grove, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Spring Grove real estate market had 12 homes for sale in November 2024, a 14.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Spring Grove 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 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Grove, 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 Spring Grove in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Spring Grove, MN
How long does it take to sell a home in Spring Grove, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 43 Days | -23.2% |
Summary: Homes in Spring Grove had an average of 43 days on market in Nov 2024, down by 23.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Spring Grove; 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.
