Is Aitkin County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Aitkin County was a Seller's Market.
Housing Prices in Aitkin County, MN
How much do homes in Aitkin County, MN cost?
Median Sold Price
$268,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Aitkin County was $268,000 in May 2024, up 1.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172K | $162.5K | -5.5% |
2 Bedrooms | $230K | $245K | +6.5% |
3 Bedrooms | $290K | $287.5K | -0.9% |
4 Bedrooms | $329K | $450K | +36.8% |
5+ Bedrooms | $415K | $425K | +2.4% |
Summary: Aitkin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
Carlton County | $242K | $283.5K | +17.1% |
Kanabec County | $250K | $268.5K | +7.4% |
Crow Wing County | $340K | $350.1K | +3.0% |
Aitkin County | $265K | $268K | +1.1% |
Cass County | $333.7K | $325K | -2.6% |
Housing Supply in Aitkin County, MN
How many homes are available in Aitkin County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 144 | +37.1% |
Summary: The Aitkin County real estate market had 144 homes for sale in May 2024, a 37.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 32 | 48 | +50.0% |
3 Bedrooms | 42 | 55 | +31.0% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Aitkin County 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 50%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Aitkin County in May 2024, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Aitkin County, MN
How long does it take to sell a home in Aitkin County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 21 Days | -41.7% |
Summary: Homes in Aitkin County had an average of 21 days on market in May 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Aitkin County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.