Living in Cedar, MN
Cedar, MN is a peaceful suburban community known for its family-friendly environment and abundant green spaces. With various parks and recreational activities, Cedar offers an attractive lifestyle for those who enjoy nature and community events. The neighborhood features reliable schools and convenient access to major highways, making it an ideal place to live for families and commuters alike.
Current Market Conditions in Cedar, MN
Currently, Cedar's real estate market is considered stable, indicating a balanced environment for both buyers and sellers. Home prices have remained consistent, with a slight uptick in demand due to the area's appealing suburban lifestyle and access to outdoor activities. The inventory of available homes is reasonably sufficient, providing various options for potential buyers from new constructions to established properties.
Home sales in Cedar have shown a gradual increase, particularly in properties that offer greater square footage and outdoor space, reflecting the trend of families seeking larger homes amidst the growing work-from-home culture. The mixed-use nature of the neighborhood, including proximity to shopping and parks, continues to draw interest from various demographics.
Home Value Estimator For Cedar, MN
There are currently 2,593 real estate properties
in Cedar, MN,
with a median automated valuation model (AVM) price
of $417,519.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cedar, 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 Cedar, MN,
is $441,333.00, with the most expensive house
in Cedar, MN, topping out
at $1,340,228.00 and the cheapest home
in Cedar, MN,
clocking in at $95,960.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cedar, MN!
Rent Prices
In Cedar, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cedar, MN, is on
a rollercoaster ride. The
average rent price in Cedar, MN,
is $1,911.00. Indeed, when looking to rent in
Cedar, MN, you can expect to pay as little
as $990.00 or as much
as $3,160.00,
with the average rent median estimated to
be $1,840.00. The good news is that finding
an affordable and desirable property to rent in Cedar, 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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