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Brooklyn Park MN Market conditions
Our analysts provide market trends to help you be the expert in your own home.
Brooklyn Park MN Recently Sold
Find expert opinion on homes recently sold to help make decisions on your purchase.
Brooklyn Park MN days on market
Compare your home to the average home and get the average days on market with our experts.
Here are the most frequently asked questions about selling your home
Houses can sell quickly or take a long time. Some factors that can affect the sale of a house are the price, condition, location and whether it’s been used as a rental property.
- Location. The location of a property is the most obvious factor that affects how much a property is worth. …
- Supply and demand. …
- Interest rates. …
- Economic outlook. …
- Property market performance. …
- Population and demographics. …
- Property size and features. …
- Aesthetics.
- Neighborhood comps. …
- Location. …
- Home size and usable space. …
- Age and condition. …
- Upgrades and updates. …
- The local market. …
- Economic indicators. …
- Interest rates.
Having short sales and especially foreclosures on your street decreases the value of your home. Even if they are not direct comparables, as in same square footage and the number of bedrooms and baths, they are in your immediate neighborhood, so can make the entire area depreciate in value.
For most major markets, the Zestimate for on-market homes is within 10% of the final sale price more than 95% of the time. The nationwide median error rate for the Zestimate for on-market homes is 1.9%, while the Zestimate for off-market homes has a median error rate of 6.9%.
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