Is Carlton 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, Carlton County was a Buyer's Market.
Housing Prices in Carlton County, MN
How much do homes in Carlton County, MN cost?
Median Sold Price
$283,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carlton County was $283,500 in May 2024, up 17.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $137K | -15.4% |
2 Bedrooms | $202.5K | $215K | +6.2% |
3 Bedrooms | $245K | $289.9K | +18.3% |
4 Bedrooms | $287.7K | $350K | +21.6% |
5+ Bedrooms | $475K | $410K | -13.7% |
Summary: Carlton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Counties
Carlton County | $242K | $283.5K | +17.1% |
Saint Louis County | $219.4K | $250.3K | +14.1% |
Pine County | $236.8K | $265.6K | +12.2% |
Aitkin County | $265K | $268K | +1.1% |
Douglas County | $218K | $218.9K | 0.4% |
Housing Supply in Carlton County, MN
How many homes are available in Carlton County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 117 | +74.6% |
Summary: The Carlton County real estate market had 117 homes for sale in May 2024, a 74.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 25 | +92.3% |
3 Bedrooms | 29 | 48 | +65.5% |
4 Bedrooms | 13 | 25 | +92.3% |
5+ Bedrooms | 9 | 16 | +77.8% |
Summary: The Carlton 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 92.3%, 3 bedroom homes increased by 65.5%, 4 bedroom homes increased by 92.3%, and 5+ bedroom homes increased by 77.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 30 | +233.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Carlton County in May 2024, up by 233.3% month-over-month. Of the 30 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.
Days on Market for Carlton County, MN
How long does it take to sell a home in Carlton County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 37 Days | +139.8% |
Summary: Homes in Carlton County had an average of 37 days on market in May 2024, up by 139.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Carlton County; 70% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.