Sold: Recent Home Sales in the Mendota Heights Area

Houses in Minnesota are currently selling for about 91 percent of the list price. Even short sales and lender-owned properties are following this pattern although this number can vary depending on the price range of the home.

Homes in the upper price range can end up selling for much less while homes selling at lower price points will more often bring full price.

But, this does not mean sellers should add 10 percent to the asking price. Pricing too high will discourage buyers from making offers, or even looking at the home.

Price is everything in today’s housing market. One home closed in Mendota Heights in the last week, selling for a bit less than the 91 percent of the original list price, including the seller’s contribution.

1) 639 Highway 110, Mendota Heights

Listed by: Tittle Real Estate

Single family home
Four bedrooms, two baths

Days on Market: 64

Lender owned

Closed: Sept. 19, 2011

Original List Price: $179,900

List Price at Time of Offer: $152,000

Sold Price: $150,000

Seller contribution: $4,500