$200,000
120.00 Acres
Land
Steve Braman, Listing Office: RE/MAX Results
Is Whiteface Reservoir, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Whiteface Reservoir has remained a Seller's Market.
Key Takeaway
Whiteface Reservoir is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whiteface Reservoir, MN
How much do homes in Whiteface Reservoir, MN cost?
Median Sold Price
$283,000
$294/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$53,000(+23.0%)
Key Takeaway
Homes in Whiteface Reservoir have sold for 23% more than they did a month ago.
Summary: The median home sold price in Whiteface Reservoir was $283,000 in October 2024, up 23% from last month, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $271.5K | +18.0% |
| 3 Bedrooms | - | $960K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Whiteface Reservoir housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cotton | $150.5K | $362.5K | +140.9% |
| Cotton Township | $150.5K | $362.5K | +140.9% |
| Gnesen Township | $522.4K | $740K | +41.6% |
| Whiteface Reservoir | $230K | $283K | +23.0% |
Housing Supply in Whiteface Reservoir, MN
How many homes are available in Whiteface Reservoir, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Summary: The Whiteface Reservoir real estate market had 6 homes for sale in October 2024, a 50.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 3 | -66.7% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Whiteface Reservoir 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 decreased by 66.7%, 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 |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Whiteface Reservoir, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Whiteface Reservoir in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Whiteface Reservoir, MN
How long does it take to sell a home in Whiteface Reservoir, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 8 Days | -88.1% |
Summary: Homes in Whiteface Reservoir had an average of 8 days on market in Oct 2024, down by 88.1% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Whiteface Reservoir are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Whiteface Reservoir; 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.
