Thief River Falls, MN Home Values & Market Trends

Real estate market trends reflect that there have been 157 transactions over the past year in Thief River Falls. The median value for residential home transactions that occurred over the previous year is $189,178.07. The number of current listings in Thief River Falls is 3, and the percentage of properties for sale in the city is 3.00%. Thief River Falls, MN currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 3 properties for sale.

Thief River Falls, MN Real Estate Market Overview

ZipMedian Est. Value
56701

$ 172,262

$ 101/sqft

Housing Market Summary for Thief River Falls, MN

Apr 2023March 2024Change
Median Listing Price$269K$176.8K-34.28%
Median Sold Price$184.3K$176.8K-4.05%
Homes For Sale33-
Homes Sold81821.23%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Thief River Falls, MN

Thief River Falls home values range from $22,926 to $838,186. The median estimated value of a home in Thief River Falls is $189,178.07. The median list price of a home is 169,000, and the total count of properties in the city is 3,700.

Foreclosure
There is 1 zips within Thief River Falls, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $111,826 in 56701 to the lowest value of $111,826 in 56701. Foreclosure homes account for 0.00% of properties in Thief River Falls, MN with 56701 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Thief River Falls, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Thief River Falls, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Thief River Falls, MN ranges from the highest value of $111,826 in 56701 to the lowest value of $111,826 in 56701. Bank owned homes and properties account for 0.03% of properties in Thief River Falls, MN. There is 1 zips within Thief River Falls, MN; 56701 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Thief River Falls, MN. Auction homes and other auction properties account for 0% of all properties in Thief River Falls, MN. There is 1 zips within Thief River Falls, MN; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.08% of residential properties in Thief River Falls, MN with 56701 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Thief River Falls, MN; homes for sale in that zips, have a range of median values from $286,048 in 56701 to the lowest value of $135,000 in 56701.
    Sold Homes
    The median value for recently sold homes ranges from $600,613 in 56701 to the lowest price of $36,830 in 56701. There is 1 zips within Thief River Falls, MN. 56701 has 88 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.38% of properties in Thief River Falls, MN.

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      Guide for Thief River Falls, MN

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Recently Listed Homes Thief River Falls, MN

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