The Ericsson housing market is very competitive. The median sale price of a home in Ericsson was $328K last month, down 7.7% since last year. The median sale price per square foot in Ericsson is $329, up 22.3% since last year.
What is the housing market like in Ericsson today?
In March 2024, Ericsson home prices were down 7.7% compared to last year, selling for a median price of $328K. On average, homes in Ericsson sell after 19 days on the market compared to 20 days last year. There were 10 homes sold in March this year, down from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$327,500
-7.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Ericsson, MN
$327,500
-7.7%
United States
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How hot is the Ericsson housing market?
Ericsson is very competitive. Homes sell in 20 days.
0
100
83
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 20 days.
Hot homes
can sell for about 5% above list price and go pending in around 9 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Ericsson housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Ericsson.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Ericsson has a minor risk of flooding. 59 properties in Ericsson are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Ericsson. Flood risk is increasing slower than the national average.