Nelson, MN Foreclosures
How much do homes sell for in Nelson, MN?
The average home price is currently $362,808.
In Nelson, MN, how many homes are available?
There are currently 1 active home listings available in Nelson.
What’s the average rental cost in Nelson, MN?
The average rental price in Nelson is $1,436.
What is the most expensive home in Nelson?
The most expensive home sold in Nelson had a price of $1,165,331.
What is currently the cheapest priced home in Nelson, MN?
The cheapest home for sale in Nelson is priced at $38,634.
Living in Nelson, MN
Nelson, Minnesota is a quiet and idyllic small town located along the shores of Lake Minto. Known for its friendly community and beautiful natural surroundings, it offers residents a peaceful lifestyle with ample opportunities for outdoor recreation. The town's charming main street features local shops and eateries, creating a warm, inviting atmosphere for both residents and visitors.
Current Market Conditions in Nelson, MN
The real estate market in Nelson, MN is showing signs of steady growth, driven by rising demand for homes as more people seek picturesque and serene living conditions. The community's charm and recreational offerings have attracted buyers looking for second homes and retirement options, contributing to an overall increase in property values. Recent trends indicate a shift towards home purchases that feature outdoor spaces, reflecting a growing interest in blending lifestyle with nature.
In comparison to larger cities, Nelson's market remains competitive, with inventory levels fluctuating and homes generally selling within a reasonable timeframe. Buyers are often drawn to this area for its affordability relative to nearby cities, further enhancing its appeal. Local real estate agents are noting increasing interest, particularly in properties with lake views and those offering unique characteristics that capture the essence of lakeside living.
Home Value Estimator For Nelson, MN
There are currently 244 real estate properties
in Nelson, MN,
with a median automated valuation model (AVM) price
of $314,490.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Nelson, 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 Nelson, MN,
is $362,808.00, with the most expensive house
in Nelson, MN, topping out
at $1,165,331.00 and the cheapest home
in Nelson, MN,
clocking in at $38,634.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Nelson, MN!
Rent Prices
In Nelson, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Nelson, MN, is on
a rollercoaster ride. The
average rent price in Nelson, MN,
is $1,436.00. Indeed, when looking to rent in
Nelson, MN, you can expect to pay as little
as $670.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Nelson, 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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