Is Sauk Rapids, 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, Sauk Rapids has remained a Seller's Market.
Key Takeaway
Sauk Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sauk Rapids, MN
How much do homes in Sauk Rapids, MN cost?
Median Sold Price
$282,400
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sauk Rapids have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Sauk Rapids was $282,400 in May 2024, up 5.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $200K | $245K | +22.5% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $272K | $292K | +7.4% |
| 5+ Bedrooms | $357.5K | $319.9K | -10.5% |
Summary: Sauk Rapids 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 22.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Minden Township | $301K | $349.5K | +16.1% |
| Sauk Rapids | $267.2K | $282.4K | +5.7% |
| Sauk Rapids Township | $268.3K | $282.4K | +5.2% |
| Saint Cloud | $230.6K | $235K | +1.9% |
| Sartell | $319.8K | $320K | 0.1% |
Housing Supply in Sauk Rapids, MN
How many homes are available in Sauk Rapids, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 64 | +14.3% |
Summary: The Sauk Rapids real estate market had 64 homes for sale in May 2024, a 14.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Sauk Rapids 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 remained the same, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sauk Rapids, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Sauk Rapids in May 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Sauk Rapids, MN
How long does it take to sell a home in Sauk Rapids, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 37 Days | +5.2% |
Summary: Homes in Sauk Rapids had an average of 37 days on market in May 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sauk Rapids are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Sauk Rapids; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
