$4,155 Closing Credit*
$349,900
720 SqFt
1 Bed
•1 Bath
Listing Office: Cedar Point Realty -Walker
Is Akeley, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Akeley was a Seller's Market.
Key Takeaway
Akeley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Akeley, MN
How much do homes in Akeley, MN cost?
Median Sold Price
$260,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,300(+14.7%)
Key Takeaway
Homes in Akeley have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Akeley was $260,000 in October 2024, up 14.7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | - | N/A |
| 2 Bedrooms | $202.5K | $207.9K | +2.7% |
| 3 Bedrooms | $261K | $250K | -4.2% |
| 4 Bedrooms | $250K | $849.9K | +240.0% |
| 5+ Bedrooms | - | $570K | N/A |
Summary: Akeley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 240%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Akeley Township | $225.9K | $260K | +15.1% |
| Akeley | $226.7K | $260K | +14.7% |
Housing Supply in Akeley, MN
How many homes are available in Akeley, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Akeley real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Akeley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Akeley, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Akeley in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Akeley, MN
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Akeley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Akeley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
