Vergas, MN Foreclosures
How much do homes sell for in Vergas, MN?
The average home price is currently $475,370.
In Vergas, MN, how many homes are available?
There are currently 1 active home listings available in Vergas.
What’s the average rental cost in Vergas, MN?
The average rental price in Vergas is $1,584.
What is the most expensive home in Vergas?
The most expensive home sold in Vergas had a price of $3,114,700.
What is currently the cheapest priced home in Vergas, MN?
The cheapest home for sale in Vergas is priced at $17,856.
Living in Vergas, MN
Vergas, MN is a quaint small town known for its scenic beauty and welcoming community. Nestled in Otter Tail County, it offers various outdoor recreational opportunities and hosts fun, family-oriented events throughout the year. With its charming downtown and strong educational institutions, Vergas is an ideal spot for families and those seeking a tranquil lifestyle.
Current Market Conditions in Vergas, MN
The current real estate market in Vergas, MN is steadily improving, with a slight increase in property values over the past several months. Inventory levels remain relatively low, fostering a competitive environment for buyers. The market shows signs of growth as more individuals and families are drawn to the peaceful living that Vergas provides, especially those moving from nearby urban areas seeking a quieter lifestyle.
Home sales have been brisk, and the town's attractiveness, combined with affordable housing prices compared to larger cities, continues to draw interest. The average time on the market for listings has decreased, indicating a strong demand. Sellers are becoming more optimistic, with many properties receiving multiple offers, reflecting the desirability of the area.
Home Value Estimator For Vergas, MN
There are currently 1,187 real estate properties
in Vergas, MN,
with a median automated valuation model (AVM) price
of $418,709.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Vergas, 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 Vergas, MN,
is $475,370.00, with the most expensive house
in Vergas, MN, topping out
at $3,114,700.00 and the cheapest home
in Vergas, MN,
clocking in at $17,856.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vergas, MN!
Rent Prices
In Vergas, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vergas, MN, is on
a rollercoaster ride. The
average rent price in Vergas, MN,
is $1,584.00. Indeed, when looking to rent in
Vergas, MN, you can expect to pay as little
as $580.00 or as much
as $2,780.00,
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 Vergas, 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.
Learn more on Foreclosure homes
