$499,000
Land
Listing Office: Realty Experts, LLC
Is Bagley, 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, Bagley was a Buyer's Market.
Key Takeaway
Bagley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bagley, MN
How much do homes in Bagley, MN cost?
Median Sold Price
$192,250
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,250(+1.2%)
Key Takeaway
Homes in Bagley have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Bagley was $192,250 in October 2024, up 1.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $70K | -55.7% |
| 2 Bedrooms | $170K | $197.8K | +16.4% |
| 3 Bedrooms | $161.5K | $171.4K | +6.2% |
| 4 Bedrooms | $284.9K | $172K | -39.6% |
| 5+ Bedrooms | $303.9K | $268K | -11.8% |
Summary: Bagley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.7%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 39.6%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in Bagley, MN
How many homes are available in Bagley, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Summary: The Bagley real estate market had 16 homes for sale in October 2024, a 30.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Bagley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 57.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bagley in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bagley, MN
How long does it take to sell a home in Bagley, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 89 Days | +242.3% |
Summary: Homes in Bagley had an average of 89 days on market in Oct 2024, up by 242.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bagley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Bagley; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
