Question 1

What is the median sold price in Mortensen?

Accepted Answer

The median sold price in Mortensen is $730,000 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 Mortensen?

Accepted Answer

The average sold price in Mortensen is $675,333. Note that the average ($675,333) is lower than the median ($730,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Mortensen?

Accepted Answer

Home prices in Mortensen range from $496,000 to $800,000 based on recent sales data. This $304,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Mortensen selling above or below asking price?

Accepted Answer

On average, homes in Mortensen are selling at 97.9% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Mortensen?

Accepted Answer

Homes in Mortensen are selling in an average of 46 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Mortensen?

Accepted Answer

The average price per square foot in Mortensen is $292. 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 $584,000.

Question 7

How much do detached homes cost in Mortensen?

Accepted Answer

Detached homes in Mortensen are selling for an average of $675,333, with 3 sales over the past 2 years.

Question 8

Are home prices rising or falling in Mortensen?

Accepted Answer

Home prices in Mortensen have increased by 47.2% over the past 2 years. The average sold price moved from $496,000 to $730,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 9

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

Accepted Answer

Based on current data, Mortensen is a balanced market. Homes are selling in 46 days on average and at 97.9% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 10

What percentage of homes sell above asking price in Mortensen?

Accepted Answer

In Mortensen, 0% of homes sold above asking price, while 67% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 11

What are the average property taxes in Mortensen?

Accepted Answer

The average annual property tax in Mortensen is $4,151, with a median of $4,129. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 12

What size homes are selling in Mortensen?

Accepted Answer

Homes selling in Mortensen range from 1,320 to 3,513 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Mortensen?

Accepted Answer

Mortensen shows relatively consistent pricing with a standard deviation of $129,988 around the average price of $675,333. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

How do I find out how much a house sold for in Mortensen?

Accepted Answer

Simply search our Mortensen sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 15

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Mortensen will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 16

Do you show all MLS® sold listings for Mortensen?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Mortensen. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Recently Sold Homes in Mortensen, Rural Newell, County of

Mortensen Sold Data Overview

Recently Sold in Mortensen

Mortensen Price Trends & Sale Statistics

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Mortensen compare to Rural Newell, County of?

More neighbourhoods in Rural Newell, County of

Frequently Asked Questions

Sign up to see what homes actually sold for