$750,000
Land
Listing Office: Whitetail Properties Real
Is Welch, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Welch has remained a Seller's Market.
Key Takeaway
Welch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Welch, MN
How much do homes in Welch, MN cost?
Median Sold Price
$425,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$115,600(-21.4%)
Key Takeaway
Homes in Welch have sold for 21.4% less than they did a year ago.
Summary: The median home sold price in Welch was $425,000 in October 2024, down 21.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $590K | $190K | -67.8% |
| 3 Bedrooms | $471.4K | $435K | -7.7% |
| 4 Bedrooms | $802.5K | $415K | -48.3% |
| 5+ Bedrooms | $600K | $750K | +25.0% |
Summary: Welch 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 67.8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 48.3%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Welch Township | $511.5K | $425K | -16.9% |
| Welch | $540.6K | $425K | -21.4% |
Housing Supply in Welch, MN
How many homes are available in Welch, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The Welch real estate market had 3 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Welch 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Welch, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Welch in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Welch, MN
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Welch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Welch; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
