$2,849 Closing Credit*
$239,900
2,016 SqFt
5 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Realty Professionals
Is Staples, 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, Staples has remained a Neutral Market.
Key Takeaway
Staples is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Staples, MN
How much do homes in Staples, MN cost?
Median Sold Price
$198,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,550(+24.1%)
Key Takeaway
Homes in Staples have sold for 24.1% more than they did a year ago.
Summary: The median home sold price in Staples was $198,500 in November 2024, up 24.1% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $82K | -8.4% |
| 2 Bedrooms | $147.9K | $163.4K | +10.5% |
| 3 Bedrooms | $187.4K | $169.9K | -9.4% |
| 4 Bedrooms | $195.5K | $250.5K | +28.1% |
| 5+ Bedrooms | $302K | $236K | -21.9% |
Summary: Staples housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Motley | $225K | $290K | +28.9% |
| Staples | $159.9K | $198.5K | +24.1% |
| Staples | $159.9K | $196K | +22.5% |
| Becker Township | $355.5K | $352.6K | -0.8% |
Housing Supply in Staples, MN
How many homes are available in Staples, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Summary: The Staples real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Staples housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Staples, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Staples in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Staples, MN
How long does it take to sell a home in Staples, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 52 Days | +4.0% |
Summary: Homes in Staples had an average of 52 days on market in Nov 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Staples are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Staples; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
