East Grand Forks, MN Foreclosures
How much do homes sell for in East Grand Forks, MN?
The average home price is currently $303,227.
In East Grand Forks, MN, how many homes are available?
There are currently 1 active home listings available in East Grand Forks.
What’s the average rental cost in East Grand Forks, MN?
The average rental price in East Grand Forks is $1,475.
What is the most expensive home in East Grand Forks?
The most expensive home sold in East Grand Forks had a price of $2,237,508.
What is currently the cheapest priced home in East Grand Forks, MN?
The cheapest home for sale in East Grand Forks is priced at $29,347.
Living in East Grand Forks, MN
East Grand Forks is a charming city located on the banks of the Red River, offering a welcoming community atmosphere with great outdoor activities and access to beautiful parks. Its proximity to Grand Forks, North Dakota, enhances the living experience, providing residents with a range of amenities and entertainment options. With a variety of housing options and a small-town feel, East Grand Forks is ideal for families and young professionals alike.
Current Market Conditions in East Grand Forks, MN
The real estate market in East Grand Forks is currently witnessing a balanced trend, with a steady increase in home sales and a moderate rise in prices. This trend reflects the growing popularity of the area, driven by its affordability compared to neighboring markets, which attracts first-time homebuyers and investors alike. The current inventory levels are healthy, making it easier for buyers to find properties that fit their needs.
In recent months, the influx of buyers has led to more bidding wars on certain desirable properties, pushing values slightly higher. However, the market remains accessible, particularly for moderately-priced homes that charm prospective buyers with character and space.
Home Value Estimator For East Grand Forks, MN
There are currently 3,176 real estate properties
in East Grand Forks, MN,
with a median automated valuation model (AVM) price
of $284,123.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in East Grand Forks, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in East Grand Forks, MN,
is $303,227.00, with the most expensive house
in East Grand Forks, MN, topping out
at $2,237,508.00 and the cheapest home
in East Grand Forks, MN,
clocking in at $29,347.00. In other words, there’s
something for every potential homebuyer
or savvy investor in East Grand Forks, MN!
Rent Prices
In East Grand Forks, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in East Grand Forks, MN, is on
a rollercoaster ride. The
average rent price in East Grand Forks, MN,
is $1,475.00. Indeed, when looking to rent in
East Grand Forks, MN, you can expect to pay as little
as $710.00 or as much
as $3,020.00,
with the average rent median estimated to
be $1,440.00. The good news is that finding
an affordable and desirable property to rent in East Grand Forks, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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