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Foreclosure Homes in Cologne, MN 55322

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Cologne, MN Foreclosures

How much do homes sell for in Cologne, MN?
The average home price is currently $568,094.
In Cologne, MN, how many homes are available?
There are currently 3 active home listings available in Cologne.
What’s the average rental cost in Cologne, MN?
The average rental price in Cologne is $1,987.
What is the most expensive home in Cologne?
The most expensive home sold in Cologne had a price of $15,799,700.
What is currently the cheapest priced home in Cologne, MN?
The cheapest home for sale in Cologne is priced at $26,846.

Living in Cologne, MN

Cologne, Minnesota, is a charming small town located just 30 minutes southwest of Minneapolis. Known for its tight-knit community and scenic surroundings, Cologne offers a peaceful lifestyle while still being close to larger urban amenities. With its rich history and family-friendly environment, it’s an ideal place for both young families and retirees.

Current Market Conditions in Cologne, MN

The real estate market in Cologne is showing strong signs of growth, with an increasing demand for homes due to the town's proximity to Minneapolis and its family-friendly atmosphere. Buyers are drawn to the community's low crime rates and access to quality education, making it a competitive market.

Currently, properties are moving quickly, often receiving multiple offers above asking price. Inventory levels remain low, which contributes to rising home prices as buyers seek to find their ideal homes in this attractive area.

Home Value Estimator For Cologne, MN

There are currently 1,285 real estate properties in Cologne, MN, with a median automated valuation model (AVM) price of $445,912.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cologne, 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 Cologne, MN, is $568,094.00, with the most expensive house in Cologne, MN, topping out at $15,799,700.00 and the cheapest home in Cologne, MN, clocking in at $26,846.00. In other words, there’s something for every potential homebuyer or savvy investor in Cologne, MN!

Rent Prices In Cologne, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cologne, MN, is on a rollercoaster ride. The average rent price in Cologne, MN, is $1,987.00. Indeed, when looking to rent in Cologne, MN, you can expect to pay as little as $890.00 or as much as $3,720.00, with the average rent median estimated to be $1,900.00. The good news is that finding an affordable and desirable property to rent in Cologne, 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.

Cologne, MN 55322 Foreclosures

Market Trend for Cologne, MN

Total Listings Available: 3

Market Values:

Home Prices from $26,846 to $15,799,700

Average Sales Price: $568,094

Rental Values:

Rental from $890 to $3,720

Average Rent Value: $1,987 / month

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