Listing Office: Whitetail Properties Real
Is Barnesville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Barnesville has remained a Buyer's Market.
Key Takeaway
Barnesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Barnesville, MN
How much do homes in Barnesville, MN cost?
Median Sold Price
$241,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,500(-6.4%)
Key Takeaway
Homes in Barnesville have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Barnesville was $241,500 in November 2024, down 6.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $86.5K | N/A |
| 2 Bedrooms | $172K | $175K | +1.7% |
| 3 Bedrooms | $223.5K | $225K | +0.7% |
| 4 Bedrooms | $320K | $287K | -10.3% |
| 5+ Bedrooms | $310K | $660K | +112.9% |
Summary: Barnesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 112.9%.
Median Sold Price Compared To Nearby Cities
| Barnesville | $258K | $241.5K | -6.4% |
| Barnesville Township | $258K | $241.5K | -6.4% |
Housing Supply in Barnesville, MN
How many homes are available in Barnesville, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Summary: The Barnesville real estate market had 41 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 22 | 17 | -22.7% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Barnesville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
4 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 Barnesville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Barnesville in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Barnesville, MN
How long does it take to sell a home in Barnesville, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 17 Days | -74.3% |
Summary: Homes in Barnesville had an average of 17 days on market in Nov 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barnesville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Barnesville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
