Is Hubbard 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, Hubbard County was a Seller's Market.
Key Takeaway
Hubbard 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 Hubbard County, MN
How much do homes in Hubbard County, MN cost?
Median Sold Price
$312,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hubbard County have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Hubbard County was $312,000 in May 2024, up 16.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167K | $260K | +55.7% |
| 2 Bedrooms | $240K | $247.1K | +3.0% |
| 3 Bedrooms | $265.5K | $326.5K | +23.0% |
| 4 Bedrooms | $350K | $365K | +4.3% |
| 5+ Bedrooms | $510K | $430K | -15.7% |
Summary: Hubbard County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Counties
| Hubbard County | $267.8K | $312K | +16.5% |
| Wadena County | $185K | $195K | +5.4% |
| Clearwater County | $179.9K | $185K | +2.8% |
| Cass County | $333.7K | $325K | -2.6% |
| Becker County | $365.2K | $339.7K | -7.0% |
Housing Supply in Hubbard County, MN
How many homes are available in Hubbard County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 121 | 159 | +31.4% |
Summary: The Hubbard County real estate market had 159 homes for sale in May 2024, a 31.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 23 | 35 | +52.2% |
| 3 Bedrooms | 58 | 72 | +24.1% |
| 4 Bedrooms | 21 | 29 | +38.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Hubbard County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 52.2%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 26 | +73.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hubbard County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Hubbard County in May 2024, up by 73.3% month-over-month. Of the 26 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Hubbard County, MN
How long does it take to sell a home in Hubbard County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 48 Days | -42.9% |
Summary: Homes in Hubbard County had an average of 48 days on market in May 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hubbard County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Hubbard County; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
