Comprehensive market data and analysis
We're showing Minnesota County statistics below to give you a broader market picture. As more transactions occur in Kennedy, Minnesota, we'll update with specific local data.
View nearby areas with more activity:
17.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Kennedy, Minnesota | ||||||
The median price for land in the Minnesota area is currently $27K per acre. For a typical parcel, the median sale price is $110K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $27K while premium lots reached $425K.
the Minnesota area is currently a strong buyer's market with 17.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 15.2% year-over-year.
the Minnesota area currently has 17.2 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in the Minnesota area averages $494.8M per acre. The median price per acre is $27K, which may be more representative of typical transactions. Most parcels sold are around 3.1 acres.
The median land price in the Minnesota area stands at $110K. This translates to roughly $27K per acre for the typical parcel size. The average price is $204K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in the Minnesota area is 5.8%. The 12-month rate is 6.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in the Minnesota area is 5.8% (3-month basis), indicating slow demand. With appreciating values (+15.2% YoY), the market shows growth potential. The top-performing broker in this market is Edina Realty, Inc..
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
