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Southeast Minnesota December Market Update

Justin Schwirtz

Justin was born and raised in South East Minnesota where now he and his wife Sarah reside in Rochester where they have raised their 3 children Dominic...

Justin was born and raised in South East Minnesota where now he and his wife Sarah reside in Rochester where they have raised their 3 children Dominic...

Jan 28 1 minutes read

2021 was quite the year! 

Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%

2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market. 

Our market update showcases everything you need to know about local real estate trends as we head into the new year. 

December 2021

1 Month of Supply

286

New Listings

369

Under Contract

520

Active Listings

532

Closed Sales


Homes Sold

97.6%

Sale-to-List Price


 

$284,072

Average Sales Price

$250,000

Median Sales Price

37

Average Days on Market

2021 Year in Review

$277,011

Average Sales Price

6,958

New Listings

99.8%

% of List Price Received

32

Days on Market

6,549

Closed Sales

Curious about how your home's value changed in 2021?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.

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