Willmar, MN Home Values & Market Trends

Real estate market trends reflect that there have been 349 transactions over the past year in Willmar. The median value for residential home transactions that occurred over the previous year is $235,583.26. The number of current listings in Willmar is 15, and the percentage of properties for sale in the city is 15.00%. Willmar, MN currently has 2 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 15 properties for sale.

Willmar, MN Real Estate Market Overview

ZipMedian Est. Value
56201

$ 236,684

$ 118/sqft

Housing Market Summary for Willmar, MN

Apr 2023March 2024Change
Median Listing Price$197K$248.8K26.31%
Median Sold Price$192.3K$248.8K29.42%
Homes For Sale199-52.63%
Homes Sold11617752.59%
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 Willmar, MN

Willmar home values range from $25,533 to $2,045,877. The median estimated value of a home in Willmar is $235,583.26. The median list price of a home is 256,000, and the total count of properties in the city is 6,526.

Foreclosure
There is 1 zips within Willmar, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $236,621 in 56201 to the lowest value of $214,393 in 56201. Foreclosure homes account for 0.00% of properties in Willmar, MN with 56201 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Willmar, 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 Willmar, 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 Willmar, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Willmar, MN. There is 1 zips within Willmar, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    56201 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Willmar, MN. Auction homes and other auction properties account for 0.03% of all properties in Willmar, MN. There is 1 zips within Willmar, MN; of that zips, the median estimated home value for homes going to auction ranges from $236,621 in 56201 to the lowest value of $214,393 in 56201.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.23% of residential properties in Willmar, MN with 56201 containing 15 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Willmar, MN; homes for sale in that zips, have a range of median values from $524,829 in 56201 to the lowest value of $142,214 in 56201.
    Sold Homes
    The median value for recently sold homes ranges from $1,173,264 in 56201 to the lowest price of $25,533 in 56201. There is 1 zips within Willmar, MN. 56201 has 158 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.42% of properties in Willmar, MN.

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      Guide for Willmar, 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
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      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.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Recently Listed Homes Willmar, MN

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