$6,234 Closing Credit*
$525,000
1,580 SqFt
3 Beds
•1 Full Bath
Jacob Morgan, Listing Office: Morgan Realty
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
$257,000
$143/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$533,000(-67.5%)
Key Takeaway
Homes in Barnum have sold for 67.5% less than they did a month ago.
Summary: The median home sold price in Barnum was $257,000 in November 2024, down 67.5% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.1M | $307.4K | -72.0% |
| 4 Bedrooms | $457.5K | $257K | -43.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Barnum housing prices by bedroom type for November 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 decreased by 72%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Barnum Township | $480K | $257K | -46.5% |
| Barnum | $790K | $257K | -67.5% |
Housing Supply in Barnum, MN
How many homes are available in Barnum, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Summary: The Barnum real estate market had 12 homes for sale in November 2024, a 29.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Barnum housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barnum, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Barnum in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 Days | 8 Days | -88.0% |
Summary: Homes in Barnum had an average of 8 days on market in Nov 2024, down by 88% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barnum are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Barnum; 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.
