Is Baxter, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baxter has remained a Seller's Market.
Key Takeaway
Baxter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baxter, MN
How much do homes in Baxter, MN cost?
Median Sold Price
$344,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baxter have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Baxter was $344,000 in May 2024, up 6.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $276K | $300.7K | +9.0% |
| 3 Bedrooms | $290K | $332.4K | +14.6% |
| 4 Bedrooms | $352K | $374.9K | +6.5% |
| 5+ Bedrooms | $360K | $430K | +19.4% |
Summary: Baxter housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Baxter | $322.5K | $344K | +6.7% |
| Brainerd | $271.5K | $283K | +4.2% |
| First Assessment | $365K | $377.4K | +3.4% |
Housing Supply in Baxter, MN
How many homes are available in Baxter, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 70 | +6.1% |
Summary: The Baxter real estate market had 70 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Baxter housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baxter, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Baxter in May 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Baxter, MN
How long does it take to sell a home in Baxter, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 17 Days | -43.8% |
Summary: Homes in Baxter had an average of 17 days on market in May 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baxter are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Baxter; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
