$58,000
10.62 Acres
Land
Kelly Emanuel, Listing Office: Adolphson Real Estate - Cloquet
Is Barnum, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Barnum has remained a Seller's Market.
Key Takeaway
Barnum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barnum, MN
How much do homes in Barnum, MN cost?
Median Sold Price
$790,000
$274/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$155,000(+24.4%)
Key Takeaway
Homes in Barnum have sold for 24.4% more than they did a month ago.
Summary: The median home sold price in Barnum was $790,000 in October 2024, up 24.4% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $635K | $1.1M | +73.2% |
| 4 Bedrooms | - | $457.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Barnum housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 73.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Barnum | $635K | $790K | +24.4% |
| Barnum Township | $435K | $457.5K | +5.2% |
Housing Supply in Barnum, MN
How many homes are available in Barnum, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Barnum real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Barnum 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barnum, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Barnum in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Barnum, MN
How long does it take to sell a home in Barnum, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 70 Days | +27.7% |
Summary: Homes in Barnum had an average of 70 days on market in Oct 2024, up by 27.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Barnum are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Barnum; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
