Is Austin, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Austin has remained a Seller's Market.
Housing Prices in Austin, MN
How much do homes in Austin, MN cost?
Median Sold Price
$180,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Austin was $180,000 in April 2024, up 5.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $55.8K | -25.5% |
2 Bedrooms | $129.9K | $143.7K | +10.7% |
3 Bedrooms | $169.9K | $169K | -0.5% |
4 Bedrooms | $252.5K | $299.9K | +18.8% |
5+ Bedrooms | $355K | $325K | -8.5% |
Summary: Austin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Austin | $169.9K | $180K | +5.9% |
Austin Township | $170K | $180K | +5.9% |
Housing Supply in Austin, MN
How many homes are available in Austin, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 105 | +16.7% |
Summary: The Austin real estate market had 105 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 22 | 31 | +40.9% |
3 Bedrooms | 33 | 40 | +21.2% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Austin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 36 | +89.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Austin in April 2024, up by 89.5% month-over-month. Of the 36 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Austin, MN
How long does it take to sell a home in Austin, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 55 Days | +6.7% |
Summary: Homes in Austin had an average of 55 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Austin; 61% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.