Is Corcoran, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Corcoran was a Seller's Market.
Key Takeaway
Corcoran is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Corcoran, MN
How much do homes in Corcoran, MN cost?
Median Sold Price
$535,635
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Corcoran have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Corcoran was $535,635 in April 2024, down 7.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $437.9K | N/A |
| 2 Bedrooms | $488K | $485K | -0.6% |
| 3 Bedrooms | $505K | $452.4K | -10.4% |
| 4 Bedrooms | $631.8K | $602.5K | -4.6% |
| 5+ Bedrooms | $690K | $715K | +3.6% |
Summary: Corcoran 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 decreased by 0.6%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Maple Grove | $400K | $399.9K | 0% |
| Hamel | $657K | $649.9K | -1.1% |
| Rogers | $450K | $439.8K | -2.3% |
| Hanover | $436.9K | $426.5K | -2.4% |
| Corcoran | $580K | $535.6K | -7.6% |
Housing Supply in Corcoran, MN
How many homes are available in Corcoran, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 150 | +33.9% |
Summary: The Corcoran real estate market had 150 homes for sale in April 2024, a 33.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 38 | 50 | +31.6% |
| 4 Bedrooms | 28 | 44 | +57.1% |
| 5+ Bedrooms | 21 | 32 | +52.4% |
Summary: The Corcoran housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 52.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 16 | -36.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Corcoran, expect to pay close to the asking price. 68.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Corcoran in April 2024, down by 36.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 69% were sold at asking, and 6% were sold over asking.
Days on Market for Corcoran, MN
How long does it take to sell a home in Corcoran, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 16 Days | -51.6% |
Summary: Homes in Corcoran had an average of 16 days on market in Apr 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corcoran are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Corcoran; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
