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Short Sale Listings in Northfield, MN 55057

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Living in Northfield, MN

Northfield, MN, is a picturesque city known for its history and vibrant college atmosphere. It offers a range of amenities, excellent schools, and beautiful outdoor spaces. The community thrives on its rich heritage and active lifestyle, making it an attractive location for families and investors alike.

Current Market Conditions in Northfield, MN

The real estate market in Northfield is experiencing growth, attributed to its appealing lifestyle and proximity to the Twin Cities. Demand for homes has increased as families and young professionals seek affordable housing options in a friendly community setting.

Currently, housing prices are competitive but still reasonable compared to surrounding areas, making it an attractive option for real estate investors. The availability of properties ranges from historic homes to new developments, catering to various buyer profiles.

Home Value Estimator For Northfield, MN

There are currently 7,155 real estate properties in Northfield, MN, with a median automated valuation model (AVM) price of $381,367.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Northfield, 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 Northfield, MN, is $434,904.00, with the most expensive house in Northfield, MN, topping out at $17,789,082.00 and the cheapest home in Northfield, MN, clocking in at $16,974.00. In other words, there’s something for every potential homebuyer or savvy investor in Northfield, MN!

Rent Prices In Northfield, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Northfield, MN, is on a rollercoaster ride. The average rent price in Northfield, MN, is $1,790.00. Indeed, when looking to rent in Northfield, MN, you can expect to pay as little as $710.00 or as much as $3,700.00, with the average rent median estimated to be $1,740.00. The good news is that finding an affordable and desirable property to rent in Northfield, 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.

Northfield, MN 55057 Short Sale Listings


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