Is Crow Wing 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, Crow Wing County has remained a Seller's Market.
Key Takeaway
Crow Wing County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crow Wing County, MN
How much do homes in Crow Wing County, MN cost?
Median Sold Price
$350,157
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Crow Wing County have sold for 3% more than they did a year ago.
Summary: The median home sold price in Crow Wing County was $350,157 in May 2024, up 3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $179.9K | -4.3% |
| 2 Bedrooms | $239K | $269K | +12.6% |
| 3 Bedrooms | $339.1K | $330.2K | -2.6% |
| 4 Bedrooms | $408.9K | $420K | +2.7% |
| 5+ Bedrooms | $610K | $545K | -10.7% |
Summary: Crow Wing County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 12.6%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Counties
| Morrison County | $235K | $246K | +4.7% |
| Crow Wing County | $340K | $350.1K | +3.0% |
| Aitkin County | $265K | $268K | +1.1% |
| Mille Lacs County | $302.8K | $298.1K | -1.6% |
| Cass County | $333.7K | $325K | -2.6% |
Housing Supply in Crow Wing County, MN
How many homes are available in Crow Wing County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 457 | 560 | +22.5% |
Summary: The Crow Wing County real estate market had 560 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 19 | +58.3% |
| 2 Bedrooms | 82 | 110 | +34.1% |
| 3 Bedrooms | 192 | 220 | +14.6% |
| 4 Bedrooms | 121 | 149 | +23.1% |
| 5+ Bedrooms | 50 | 62 | +24.0% |
Summary: The Crow Wing County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 58.3%, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 94 | +9.3% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crow Wing County, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Crow Wing County in May 2024, up by 9.3% month-over-month. Of the 94 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Crow Wing County, MN
How long does it take to sell a home in Crow Wing County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 42 Days | +11.5% |
Summary: Homes in Crow Wing County had an average of 42 days on market in May 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crow Wing County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 94 homes were sold in Crow Wing County; 67% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
