Is Starbuck, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Starbuck is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Starbuck has remained a Seller's Market.

Key Takeaway

Starbuck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Starbuck, MN

How much do homes in Starbuck, MN cost?

Median Sold Price

$233,250

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,300(+28.9%)

Key Takeaway

Homes in Starbuck have sold for 28.9% more than they did a year ago.

Summary: The median home sold price in Starbuck was $233,250 in October 2024, up 28.9% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K$385K
+352.9%
2 $202K$200.7K
-0.6%
3 $180.9K$230K
+27.1%
4 $228.5K$233.2K
+2.1%
5+ -$579.5K
N/A

Summary: Starbuck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 352.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes did not change.

Housing Supply in Starbuck, MN

How many homes are available in Starbuck, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The Starbuck real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 66
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Starbuck 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Starbuck, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Starbuck in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Starbuck, MN

How long does it take to sell a home in Starbuck, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days25 Days+525.0%

Summary: Homes in Starbuck had an average of 25 days on market in Oct 2024, up by 525% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Starbuck are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Starbuck; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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