Is Becker 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, Becker County was a Seller's Market.
Key Takeaway
Becker County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Becker County, MN
How much do homes in Becker County, MN cost?
Median Sold Price
$339,773
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Becker County have sold for 7% less than they did a year ago.
Summary: The median home sold price in Becker County was $339,773 in May 2024, down 7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $238K | -0.8% |
| 2 Bedrooms | $285K | $227.4K | -20.2% |
| 3 Bedrooms | $365K | $351.2K | -3.8% |
| 4 Bedrooms | $433.5K | $389K | -10.3% |
| 5+ Bedrooms | $577.5K | $660K | +14.3% |
Summary: Becker County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Counties
| Mahnomen County | $142K | $167.5K | +18.0% |
| Hubbard County | $267.8K | $312K | +16.5% |
| Otter Tail County | $245.6K | $284.9K | +16.0% |
| Wadena County | $185K | $195K | +5.4% |
| Becker County | $365.2K | $339.7K | -7.0% |
Housing Supply in Becker County, MN
How many homes are available in Becker County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 231 | 270 | +16.9% |
Summary: The Becker County real estate market had 270 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 49 | 57 | +16.3% |
| 3 Bedrooms | 82 | 94 | +14.6% |
| 4 Bedrooms | 63 | 78 | +23.8% |
| 5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The Becker County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Becker County, you may be able to get a good deal. 68.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Becker County in May 2024, up by 12.5% month-over-month. Of the 45 sold homes, 69% were sold under asking, 18% were sold at asking, and 13% were sold over asking.
Days on Market for Becker County, MN
How long does it take to sell a home in Becker County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 41 Days | +2.5% |
Summary: Homes in Becker County had an average of 41 days on market in May 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Becker County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Becker County; 47% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
