$450,000
Land
Listing Office: Parcel Real Estate Inc.
Is Baxter, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Baxter was a Seller's Market.
Key Takeaway
Baxter is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Baxter, MN
How much do homes in Baxter, MN cost?
Median Sold Price
$349,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,950(+1.4%)
Key Takeaway
Homes in Baxter have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Baxter was $349,950 in November 2024, up 1.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $267.5K | -13.7% |
| 3 Bedrooms | $315K | $334.4K | +6.2% |
| 4 Bedrooms | $350K | $375K | +7.1% |
| 5+ Bedrooms | $430K | $472.5K | +9.9% |
Summary: Baxter 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 decreased by 13.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| First Assessment | $367.5K | $405K | +10.2% |
| Brainerd | $281K | $301.6K | +7.4% |
| Baxter | $345K | $349.9K | +1.4% |
| Fort Ripley Township | $370K | $304.9K | -17.6% |
Housing Supply in Baxter, MN
How many homes are available in Baxter, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 56 | 0.0% |
Summary: The Baxter real estate market had 56 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Baxter 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 remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baxter, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Baxter in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Baxter, MN
How long does it take to sell a home in Baxter, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +42.3% |
Summary: Homes in Baxter had an average of 44 days on market in Nov 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Baxter has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Baxter; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
