Question 1

What is the median sold price in Minburn?

Accepted Answer

The median sold price in Minburn is $80,000 based on 3 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Minburn?

Accepted Answer

The average sold price in Minburn is $73,000. Note that the average ($73,000) is lower than the median ($80,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Minburn?

Accepted Answer

Home prices in Minburn range from $35,000 to $104,000 based on recent sales data. This $69,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Minburn selling above or below asking price?

Accepted Answer

On average, homes in Minburn are selling at 86.0% of their asking price. This means buyers have significant negotiating power, with homes selling well below asking price. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Minburn?

Accepted Answer

Homes in Minburn are selling in an average of 134 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Minburn?

Accepted Answer

The average price per square foot in Minburn is $61. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $122,000.

Question 7

How active is the real estate market in Minburn?

Accepted Answer

The Minburn market has seen 3 home sales over the past 2 years, with 2 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Minburn?

Accepted Answer

Detached homes in Minburn are selling for an average of $73,000, with 3 sales over the past 2 years. The average price per square foot for detached homes is $61.

Question 9

Are home prices rising or falling in Minburn?

Accepted Answer

Home prices in Minburn have decreased by 66.3% over the past 2 years. The average sold price moved from $104,000 to $35,000. This downward trend may present buying opportunities for purchasers.

Question 10

Is Minburn a buyer's or seller's market?

Accepted Answer

Based on current data, Minburn is a buyer's market. Homes are selling in 134 days on average and at 86.0% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Minburn?

Accepted Answer

In Minburn, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What are the average property taxes in Minburn?

Accepted Answer

The average annual property tax in Minburn is $1,070, with a median of $948. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 13

What size homes are selling in Minburn?

Accepted Answer

Homes selling in Minburn range from 952 to 1,302 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Minburn?

Accepted Answer

Minburn shows relatively consistent pricing with a standard deviation of $28,601 around the average price of $73,000. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 15

Where can I find recently sold homes in Minburn?

Accepted Answer

You can view a comprehensive list of houses sold in Minburn right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 16

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 17

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Minburn.

Just Sold: Minburn Home Prices & Sale History

Minburn Sold Data Overview

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