Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 40% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 87%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 220-thousand dollars. The number of units sold decreased 8% year-over-year, and decreased 14% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Northfield, MN
Area Information for Northfield, MN
Population:21,108
Median Age:28.76 yr
Median Commute Time:16 mins
Educational Climate*:3
Sales Tax:0%
Population Density:2,487/sq mi
Population Change Since 2000:22.01%
Closest Airport:Minneapolis-st Paul International/wold-chamberlain
Closest College:Carleton College
Closest Jr. College:Dakota County Technical College
Median Household Income:$72,210
Annual Residential Turnover:0%
Median Home Sales Price:$300,000
Closest Major Sports Team:Minnesota Swarm
Change Avg. Household Income Since 2000:52.19%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Northfield, MN
Median Age: 28.76Married: 34%Number of Households: 6,681Households with Children: 1,912
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.