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Preforeclosure Homes in Northfield, MN

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Northfield, MN Foreclosures

How much do homes sell for in Northfield, MN?
The average home price is currently $452,742.
In Northfield, MN, how many homes are available?
There are currently 2 active home listings available in Northfield.
What’s the average rental cost in Northfield, MN?
The average rental price in Northfield is $1,790.
What is the most expensive home in Northfield?
The most expensive home sold in Northfield had a price of $18,345,254.
What is currently the cheapest priced home in Northfield, MN?
The cheapest home for sale in Northfield is priced at $16,974.

Living in Northfield, MN

Northfield, Minnesota is a charming college town known for its picturesque landscapes and vibrant community. With a strong emphasis on education courtesy of Carleton and St. Olaf Colleges, it boasts a mix of cultural activities and outdoor recreation. The local downtown area is lively, offering unique shops and dining options.

Current Market Conditions in Northfield, MN

The real estate market in Northfield is currently competitive, with a balanced supply and demand. Many buyers are looking for single-family homes and townhouses, driven largely by families and faculty from the nearby colleges looking to settle in the area.

Increasing demand has pushed home prices up slightly over the last six months, with homes often selling quickly, sometimes above the asking price. There is also a growing interest in sustainable living, which has led to more energy-efficient homes being sought after.

Home Value Estimator For Northfield, MN

There are currently 7,664 real estate properties in Northfield, MN, with a median automated valuation model (AVM) price of $388,972.00. 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 $452,742.00, with the most expensive house in Northfield, MN, topping out at $18,345,254.00 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 Preforeclosure Homes


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