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 November 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

$293,250

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,250(+2.9%)

Key Takeaway

Homes in Sunray-Battle Creek-Highwood have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Sunray-Battle Creek-Highwood was $293,250 in November 2024, up 2.9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$128.4K
N/A
2 $230.7K$215K
-6.8%
3 $285K$293.5K
+3.0%
4 $319K$307.5K
-3.6%
5+ $330K$350K
+6.1%

Summary: Sunray-Battle Creek-Highwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Neighborhoods

West Side
+3.0%
Sunray-Battle Creek-Highwood
+2.9%
Greater East Side
+2.2%
Dayton's Bluff
-2.7%

Housing Supply in Sunray-Battle Creek-Highwood, MN

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5247-9.6%

Summary: The Sunray-Battle Creek-Highwood real estate market had 47 homes for sale in November 2024, a 9.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 45
+25.0%
3 2932
+10.3%
4 128
-33.3%
5+ 62
-66.7%

Summary: The Sunray-Battle Creek-Highwood 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 increased by 25%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 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. 42.9% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Sunray-Battle Creek-Highwood in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 21% were sold under asking, 36% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
22 Days24 Days+6.5%

Summary: Homes in Sunray-Battle Creek-Highwood had an average of 24 days on market in Nov 2024, up by 6.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 November 2024, 14 homes were sold in Sunray-Battle Creek-Highwood; 79% of homes were sold within 30 days, 21% 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 21 Days Ago

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