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Short Sale Listings in Orono, MN

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Orono, MN Foreclosures

How much do homes sell for in Orono, MN?
The average home price is currently $1,407,817.
In Orono, MN, how many homes are available?
There are currently 1 active home listings available in Orono.
What’s the average rental cost in Orono, MN?
The average rental price in Orono is $3,607.
What is the most expensive home in Orono?
The most expensive home sold in Orono had a price of $4,779,233.
What is currently the cheapest priced home in Orono, MN?
The cheapest home for sale in Orono is priced at $208,300.

Living in Orono, MN

Orono, MN is a picturesque suburb situated on the shores of Lake Minnetonka, offering a perfect blend of community living and access to nature. Known for its excellent schools, recreational amenities, and local businesses, Orono provides an ideal environment for families and those seeking a quaint lifestyle close to urban conveniences.

Current Market Conditions in Orono, MN

The real estate market in Orono, MN is currently experiencing a competitive trend with a noticeable increase in home value appreciation over the past year. Demand for homes remains strong, particularly due to the community's desirable location and family-friendly amenities. New construction is also on the rise, catering to prospective buyers looking for modern living spaces in a tranquil environment.

Currently, homes are being sold quickly, often within days of listing, indicating a high level of buyer interest. The scarcity of inventory has led to multiple offer situations, particularly for properties that are well-maintained and within proximity to the lake.

Home Value Estimator For Orono, MN

There are currently 58 real estate properties in Orono, MN, with a median automated valuation model (AVM) price of $1,184,429.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orono, 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 Orono, MN, is $1,407,817.00, with the most expensive house in Orono, MN, topping out at $4,779,233.00 and the cheapest home in Orono, MN, clocking in at $208,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Orono, MN!

Rent Prices In Orono, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orono, MN, is on a rollercoaster ride. The average rent price in Orono, MN, is $3,607.00. Indeed, when looking to rent in Orono, MN, you can expect to pay as little as $1,900.00 or as much as $4,900.00, with the average rent median estimated to be $3,540.00. The good news is that finding an affordable and desirable property to rent in Orono, 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.

Orono, MN Short Sale Listings

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