Is Douglas 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, Douglas County has remained a Seller's Market.
Housing Prices in Douglas County, MN
How much do homes in Douglas County, MN cost?
Median Sold Price
$339,593
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Douglas County was $339,593 in May 2024, up 19.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $85K | -28.6% |
2 Bedrooms | $225K | $295K | +31.1% |
3 Bedrooms | $267.5K | $320K | +19.6% |
4 Bedrooms | $350K | $367.4K | +5.0% |
5+ Bedrooms | $615K | $486.5K | -20.9% |
Summary: Douglas County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 20.9%.
Median Sold Price Compared To Nearby Counties
Grant County | $141K | $178.9K | +26.9% |
Douglas County | $285.2K | $339.5K | +19.1% |
Otter Tail County | $245.6K | $284.9K | +16.0% |
Pope County | $227.2K | $248K | +9.1% |
Todd County | $199.4K | $202.9K | +1.7% |
Housing Supply in Douglas County, MN
How many homes are available in Douglas County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
217 | 262 | +20.7% |
Summary: The Douglas County real estate market had 262 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 58 | 63 | +8.6% |
3 Bedrooms | 69 | 93 | +34.8% |
4 Bedrooms | 49 | 56 | +14.3% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Douglas County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 65 | +71.1% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Douglas County in May 2024, up by 71.1% month-over-month. Of the 65 sold homes, 66% were sold under asking, 15% were sold at asking, and 18% were sold over asking.
Days on Market for Douglas County, MN
How long does it take to sell a home in Douglas County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 50 Days | +152.8% |
Summary: Homes in Douglas County had an average of 50 days on market in May 2024, up by 152.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 65 homes were sold in Douglas County; 51% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.