Medford, MN Foreclosures
How much do homes sell for in Medford, MN?
The average home price is currently $322,345.
In Medford, MN, how many homes are available?
There are currently 3 active home listings available in Medford.
What’s the average rental cost in Medford, MN?
The average rental price in Medford is $1,545.
What is the most expensive home in Medford?
The most expensive home sold in Medford had a price of $1,994,606.
What is currently the cheapest priced home in Medford, MN?
The cheapest home for sale in Medford is priced at $58,436.
Living in Medford, MN
Medford, MN, is a charming small town that offers a tight-knit community with diverse recreational opportunities. The town is well-connected via Interstate 35, making commuting easy. With its scenic parks and family-friendly atmosphere, it's an ideal spot for those seeking a quiet lifestyle not far from urban amenities.
Current Market Conditions in Medford, MN
The real estate market in Medford has remained stable over the past few months, with a steady demand for single-family homes. Inventory is limited, which has kept prices relatively stable, with some modest increases as the market gains traction from nearby urban areas.
Properties are taking an average of 30-45 days to sell, indicating a balanced market where buyers are actively searching, yet homes are not flying off the market immediately. Overall, Medford presents a solid opportunity for both first-time homebuyers and those looking to invest in rental properties.
Home Value Estimator For Medford, MN
There are currently 829 real estate properties
in Medford, MN,
with a median automated valuation model (AVM) price
of $287,928.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Medford, 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 Medford, MN,
is $322,345.00, with the most expensive house
in Medford, MN, topping out
at $1,994,606.00 and the cheapest home
in Medford, MN,
clocking in at $58,436.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Medford, MN!
Rent Prices
In Medford, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Medford, MN, is on
a rollercoaster ride. The
average rent price in Medford, MN,
is $1,545.00. Indeed, when looking to rent in
Medford, MN, you can expect to pay as little
as $880.00 or as much
as $2,980.00,
with the average rent median estimated to
be $1,550.00. The good news is that finding
an affordable and desirable property to rent in Medford, 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.
Learn more on Foreclosure homes
