Living in Elysian, MN
Elysian, Minnesota, is a charming small town located near the shores of Lake Elysian. Known for its peaceful atmosphere and friendly community, it offers a relaxed lifestyle combined with access to outdoor activities. The town features a variety of amenities including parks and local shops, making it an ideal place for families and retirees alike.
Current Market Conditions in Elysian, MN
The Elysian real estate market has shown modest growth over the past year, with an increase in property values as new families and retirees move to the area. The demand for homes near Lake Elysian has been particularly strong, as buyers are attracted to the recreational lifestyle and charming community. Currently, homes are selling quickly, and prices are expected to continue to rise as more buyers discover the appeal of Elysian.
Homebuyers can find a range of options in Elysian, from cottages by the lake to more spacious family homes. The market has seen a mix of first-time home buyers and investors looking to capitalize on vacation rentals, further stimulating the local economy. With limited inventories, competition among buyers has encouraged bidding wars in some cases, pushing prices upwards.
Home Value Estimator For Elysian, MN
There are currently 699 real estate properties
in Elysian, MN,
with a median automated valuation model (AVM) price
of $399,475.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elysian, 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 Elysian, MN,
is $460,366.00, with the most expensive house
in Elysian, MN, topping out
at $1,910,927.00 and the cheapest home
in Elysian, MN,
clocking in at $21,967.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elysian, MN!
Rent Prices
In Elysian, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elysian, MN, is on
a rollercoaster ride. The
average rent price in Elysian, MN,
is $1,657.00. Indeed, when looking to rent in
Elysian, MN, you can expect to pay as little
as $640.00 or as much
as $3,490.00,
with the average rent median estimated to
be $1,560.00. The good news is that finding
an affordable and desirable property to rent in Elysian, 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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