Is La Crescent, 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, La Crescent has remained a Seller's Market.
Key Takeaway
La Crescent is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Crescent, MN
How much do homes in La Crescent, MN cost?
Median Sold Price
$330,000
$153/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in La Crescent has remained the same since last year.
Summary: The median home sold price in La Crescent was $330,000 in April 2024, the same as last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162.5K | $260.7K | +60.5% |
| 3 Bedrooms | $313.9K | $304.9K | -2.9% |
| 4 Bedrooms | $335K | $465K | +38.8% |
| 5+ Bedrooms | $593.2K | $515.5K | -13.1% |
Summary: La Crescent housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Cities
| La Crescent | $330K | $330K | 0.0% |
| La Crescent Township | $330K | $330K | 0.0% |
Housing Supply in La Crescent, MN
How many homes are available in La Crescent, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Summary: The La Crescent real estate market had 45 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The La Crescent housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Crescent, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in La Crescent in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for La Crescent, MN
How long does it take to sell a home in La Crescent, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 68 Days | +147.6% |
Summary: Homes in La Crescent had an average of 68 days on market in Apr 2024, up by 147.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Crescent are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in La Crescent; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
