Is Beltrami 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, Beltrami County was a Seller's Market.
Key Takeaway
Beltrami 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 Beltrami County, MN
How much do homes in Beltrami County, MN cost?
Median Sold Price
$259,960
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Beltrami County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Beltrami County was $259,960 in May 2024, up 2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.5K | $75K | -39.8% |
| 2 Bedrooms | $185.5K | $209K | +12.7% |
| 3 Bedrooms | $250K | $270K | +8.0% |
| 4 Bedrooms | $310K | $309.8K | -0.1% |
| 5+ Bedrooms | $407K | $325K | -20.2% |
Summary: Beltrami County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.8%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 20.2%.
Median Sold Price Compared To Nearby Counties
| Hubbard County | $267.8K | $312K | +16.5% |
| Itasca County | $235K | $250K | +6.4% |
| Koochiching County | $148.5K | $156K | +5.1% |
| Clearwater County | $179.9K | $185K | +2.8% |
| Beltrami County | $254.7K | $259.9K | +2.0% |
Housing Supply in Beltrami County, MN
How many homes are available in Beltrami County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 185 | 219 | +18.4% |
Summary: The Beltrami County real estate market had 219 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 41 | 55 | +34.1% |
| 3 Bedrooms | 84 | 94 | +11.9% |
| 4 Bedrooms | 40 | 46 | +15.0% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Beltrami County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beltrami County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Beltrami County in May 2024, up by 2.9% month-over-month. Of the 36 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Beltrami County, MN
How long does it take to sell a home in Beltrami County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +33.7% |
Summary: Homes in Beltrami County had an average of 50 days on market in May 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beltrami County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Beltrami County; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
