$3,788 Closing Credit*
$319,000
1,360 SqFt
2 Beds
•1 Full Bath
Amy Perrine, Listing Office: NextHome Perrine & Associates
Is Willow River, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Willow River was a Neutral Market.
Key Takeaway
Willow River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Willow River, MN
How much do homes in Willow River, MN cost?
Median Sold Price
$318,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,000(+6.4%)
Key Takeaway
Homes in Willow River have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Willow River was $318,000 in November 2024, up 6.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $279K | +11.6% |
| 3 Bedrooms | $295.7K | $318K | +7.5% |
| 4 Bedrooms | $399K | $360K | -9.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Willow River 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 increased by 11.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes did not change.
Housing Supply in Willow River, MN
How many homes are available in Willow River, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Willow River real estate market had 13 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Willow River housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 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 Willow River, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Willow River in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Willow River, MN
How long does it take to sell a home in Willow River, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 17 Days | -15.5% |
Summary: Homes in Willow River had an average of 17 days on market in Nov 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willow River are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Willow River; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
