Is Sunray-Battle Creek-Highwood, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunray-Battle Creek-Highwood is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sunray-Battle Creek-Highwood has remained a Seller's Market.

Key Takeaway

Sunray-Battle Creek-Highwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sunray-Battle Creek-Highwood, MN

How much do homes in Sunray-Battle Creek-Highwood, MN cost?

Median Sold Price

$292,250

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,250(+2.5%)

Key Takeaway

Homes in Sunray-Battle Creek-Highwood have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Sunray-Battle Creek-Highwood was $292,250 in October 2024, up 2.5% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$128.4K
N/A
2 $229K$215K
-6.1%
3 $285K$292.7K
+2.7%
4 $320K$307K
-4.1%
5+ $303K$350K
+15.5%

Summary: Sunray-Battle Creek-Highwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Neighborhoods

West Side
+3.2%
Sunray-Battle Creek-Highwood
+2.5%
Greater East Side
+1.3%
Dayton's Bluff
0.3%

Housing Supply in Sunray-Battle Creek-Highwood, MN

How many homes are available in Sunray-Battle Creek-Highwood, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5752-8.8%

Summary: The Sunray-Battle Creek-Highwood real estate market had 52 homes for sale in October 2024, a 8.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 3028
-6.7%
4 1513
-13.3%
5+ 76
-14.3%

Summary: The Sunray-Battle Creek-Highwood 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 6.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunray-Battle Creek-Highwood, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Sunray-Battle Creek-Highwood in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.

Days on Market for Sunray-Battle Creek-Highwood, MN

How long does it take to sell a home in Sunray-Battle Creek-Highwood, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days34 Days+80.5%

Summary: Homes in Sunray-Battle Creek-Highwood had an average of 34 days on market in Oct 2024, up by 80.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunray-Battle Creek-Highwood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in Sunray-Battle Creek-Highwood; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

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