$150,000
Land
Listing Office: RE/MAX Experience
Is Young America, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Young America has remained a Seller's Market.
Key Takeaway
Young America is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Young America, MN
How much do homes in Young America, MN cost?
Median Sold Price
$297,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,000(-5.4%)
Key Takeaway
Homes in Young America have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Young America was $297,000 in November 2024, down 5.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $254.9K | +2.0% |
| 3 Bedrooms | $312.9K | $266K | -15.0% |
| 4 Bedrooms | $314K | $330K | +5.1% |
| 5+ Bedrooms | $667.5K | $442.2K | -33.7% |
Summary: Young America 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 2%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 33.7%.
Median Sold Price Compared To Nearby Cities
| Norwood Young America | $282.2K | $283K | 0.3% |
| Young America Township | $314.4K | $299.2K | -4.8% |
| Young America | $314K | $297K | -5.4% |
Housing Supply in Young America, MN
How many homes are available in Young America, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Young America real estate market had 5 homes for sale in November 2024, a 28.6% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Young America 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Young America, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Young America in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Young America, MN
How long does it take to sell a home in Young America, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -26.7% |
Summary: Homes in Young America had an average of 22 days on market in Nov 2024, down by 26.7% compared to last year.
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 Young America are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Young America; 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.
