Magnolia, MN Foreclosures
How much do homes sell for in Magnolia, MN?
The average home price is currently $157,647.
What’s the average rental cost in Magnolia, MN?
The average rental price in Magnolia is $1,034.
What is the most expensive home in Magnolia?
The most expensive home sold in Magnolia had a price of $913,826.
What is currently the cheapest priced home in Magnolia, MN?
The cheapest home for sale in Magnolia is priced at $28,991.
Living in Magnolia, MN
Magnolia, Minnesota, is a charming rural community located in the southwestern part of the state. This tight-knit town offers a peaceful lifestyle with a strong sense of community. Surrounded by beautiful landscapes and farmland, residents enjoy a slower pace of life while still being close to larger cities for amenities.
Current Market Conditions in Magnolia, MN
Real estate in Magnolia has shown steady growth over the past few years, with demand for homes increasing as more people look to escape urban environments. This trend has led to rising home prices, but there are still affordable options for first-time buyers and families.
The current market indicates a shortage of inventory, leading to competitive offers on homes that do come on the market. With a limited number of listings, potential buyers need to act quickly when a home of interest becomes available.
Home Value Estimator For Magnolia, MN
There are currently 115 real estate properties
in Magnolia, MN,
with a median automated valuation model (AVM) price
of $121,605.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Magnolia, 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 Magnolia, MN,
is $157,647.00, with the most expensive house
in Magnolia, MN, topping out
at $913,826.00 and the cheapest home
in Magnolia, MN,
clocking in at $28,991.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Magnolia, MN!
Rent Prices
In Magnolia, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Magnolia, MN, is on
a rollercoaster ride. The
average rent price in Magnolia, MN,
is $1,034.00. Indeed, when looking to rent in
Magnolia, MN, you can expect to pay as little
as $580.00 or as much
as $1,900.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Magnolia, 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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