Myrtle, MN Foreclosures
Current Market Conditions in in Myrtle, MN As of February 2026?
In the past month, Myrtle's real estate market has experienced modest changes. Overall, home prices have seen a slight increase of about 3%, primarily driven by increased buyer interest and limited inventory. Homes are now generally selling within 30-40 days on average, reflecting increasing confidence in the community’s future growth. Sellers have been more optimistic, leading to several homes listed at premium prices due to demand, though the market remains approachable for first-time buyers.
How much do homes sell for in Myrtle, MN?
The average home price is currently $92,503.
What’s the average rental cost in Myrtle, MN?
The average rental price in Myrtle is $888.
What is the most expensive home in Myrtle?
The most expensive home sold in Myrtle had a price of $194,141.
What is currently the cheapest priced home in Myrtle, MN?
The cheapest home for sale in Myrtle is priced at $64,254.
Living in Myrtle, MN
Myrtle, MN is a quaint community that combines rural charm with accessibility to essential amenities. Known for its friendly atmosphere and proximity to nature, it offers abundant outdoor activities and a strong sense of community. Residents enjoy a peaceful lifestyle while being part of the wider southeastern Minnesota region.
Buyer vs Seller Market in Myrtle, MN
The real estate market in Myrtle, MN, has shown signs of stability over recent months, with a balanced supply of homes available compared to the buyer demand. The average time on the market for homes has remained consistent, reflecting the town's appeal for those seeking a quieter lifestyle surrounded by nature.
Current market trends indicate a slight uptick in home prices as new families and retirees are moving into the area, attracted by its lower cost of living and community-focused environment. While prices are on the rise, they remain affordable compared to larger metropolitan areas.
Home Value Estimator For Myrtle, MN
There are currently 18 real estate properties
in Myrtle, MN,
with a median automated valuation model (AVM) price
of $79,938.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Myrtle, 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 Myrtle, MN,
is $92,503.00, with the most expensive house
in Myrtle, MN, topping out
at $194,141.00 and the cheapest home
in Myrtle, MN,
clocking in at $64,254.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Myrtle, MN!
Rent Prices
In Myrtle, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Myrtle, MN, is on
a rollercoaster ride. The
average rent price in Myrtle, MN,
is $888.00. Indeed, when looking to rent in
Myrtle, MN, you can expect to pay as little
as $690.00 or as much
as $1,450.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Myrtle, 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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