Is Chisago County, 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, Chisago County has remained a Seller's Market.
Key Takeaway
Chisago County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chisago County, MN
How much do homes in Chisago County, MN cost?
Median Sold Price
$360,084
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chisago County have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Chisago County was $360,084 in May 2024, up 3.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $270K | +38.5% |
| 2 Bedrooms | $300K | $305.8K | +2.0% |
| 3 Bedrooms | $345.3K | $350K | +1.4% |
| 4 Bedrooms | $385K | $410K | +6.5% |
| 5+ Bedrooms | $445K | $484.5K | +8.9% |
Summary: Chisago County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Counties
| Polk County | $275.5K | $301.5K | +9.4% |
| Burnett County | $275K | $285K | +3.6% |
| Chisago County | $347.9K | $360K | +3.5% |
| Isanti County | $310K | $315K | +1.6% |
| Washington County | $409.2K | $413.1K | +1.0% |
Housing Supply in Chisago County, MN
How many homes are available in Chisago County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 302 | 427 | +41.4% |
Summary: The Chisago County real estate market had 427 homes for sale in May 2024, a 41.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 51 | 69 | +35.3% |
| 3 Bedrooms | 131 | 197 | +50.4% |
| 4 Bedrooms | 92 | 120 | +30.4% |
| 5+ Bedrooms | 27 | 36 | +33.3% |
Summary: The Chisago County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 50.4%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 73 | +49.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chisago County, you could pay more than the asking price. 42.5% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Chisago County in May 2024, up by 49.0% month-over-month. Of the 73 sold homes, 30% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for Chisago County, MN
How long does it take to sell a home in Chisago County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -26.9% |
Summary: Homes in Chisago County had an average of 22 days on market in May 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chisago County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 73 homes were sold in Chisago County; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
