Trail, MN Foreclosures
How much do homes sell for in Trail, MN?
The average home price is currently $268,744.
What’s the average rental cost in Trail, MN?
The average rental price in Trail is $1,161.
What is the most expensive home in Trail?
The most expensive home sold in Trail had a price of $857,748.
What is currently the cheapest priced home in Trail, MN?
The cheapest home for sale in Trail is priced at $39,875.
Living in Trail, MN
Trail, Minnesota is a serene and tight-knit community surrounded by lush forests and sparkling lakes. It is perfect for those who appreciate a slower pace of life and love the outdoors. With recreational options and a welcoming atmosphere, Trail offers a unique rural lifestyle.
Current Market Conditions in Trail, MN
The current real estate market in Trail, MN is stable with modest growth observed over the past year. Homes are averaging around 95% of their asking price, indicating a balanced market, and attracting both first-time homebuyers and retirees looking for a quiet place to live. The demand for properties in this area has been somewhat consistent, with several homes selling quickly due to the desirable rural lifestyle.
Real estate trends in Trail have shown a slight increase in prices, likely favoring sellers as buyers are drawn to the peaceful environment. While the market does not experience the frenzied demand seen in larger cities, there has been a steady interest in homes, particularly for those seeking to escape city living.
Home Value Estimator For Trail, MN
There are currently 189 real estate properties
in Trail, MN,
with a median automated valuation model (AVM) price
of $207,743.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Trail, 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 Trail, MN,
is $268,744.00, with the most expensive house
in Trail, MN, topping out
at $857,748.00 and the cheapest home
in Trail, MN,
clocking in at $39,875.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Trail, MN!
Rent Prices
In Trail, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Trail, MN, is on
a rollercoaster ride. The
average rent price in Trail, MN,
is $1,161.00. Indeed, when looking to rent in
Trail, MN, you can expect to pay as little
as $520.00 or as much
as $2,260.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Trail, 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
