Northrop, MN Foreclosures
How much do homes sell for in Northrop, MN?
The average home price is currently $115,262.
What’s the average rental cost in Northrop, MN?
The average rental price in Northrop is $868.
What is the most expensive home in Northrop?
The most expensive home sold in Northrop had a price of $229,096.
What is currently the cheapest priced home in Northrop, MN?
The cheapest home for sale in Northrop is priced at $30,202.
Living in Northrop, MN
Northrop, Minnesota, is a quiet and charming suburban town offering a close-knit community feel. It's located just a short drive from larger urban centers while still providing residents with a tranquil lifestyle. Outdoor enthusiasts will enjoy the nearby parks and recreational areas that provide ample opportunities for activities throughout the year.
Current Market Conditions in Northrop, MN
The real estate market in Northrop has remained stable, with steady demand for residential properties. The area attracts buyers looking for affordable single-family homes and modest properties that embody the charm of small-town living. The average time on the market for homes has remained consistent, reflecting a healthy level of interest from buyers.
Recent trends indicate a gradual increase in home values, as more people become aware of the benefits of living in a suburban setting while still being close to urban amenities. Families and retirees alike are drawn to Northrop's offerings, which have helped sustain a resilient housing market.
Home Value Estimator For Northrop, MN
There are currently 12 real estate properties
in Northrop, MN,
with a median automated valuation model (AVM) price
of $99,039.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Northrop, 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 Northrop, MN,
is $115,262.00, with the most expensive house
in Northrop, MN, topping out
at $229,096.00 and the cheapest home
in Northrop, MN,
clocking in at $30,202.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Northrop, MN!
Rent Prices
In Northrop, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Northrop, MN, is on
a rollercoaster ride. The
average rent price in Northrop, MN,
is $868.00. Indeed, when looking to rent in
Northrop, MN, you can expect to pay as little
as $510.00 or as much
as $1,190.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Northrop, 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
