$3,587 Closing Credit*
$302,058
1,191 SqFt
2 Beds
•2 Full Baths
Listing Office: Bluewater Properties
Is Baxter, 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, Baxter was a Seller's Market.
Key Takeaway
Baxter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Baxter, MN
How much do homes in Baxter, MN cost?
Median Sold Price
$344,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,972(+1.2%)
Key Takeaway
Homes in Baxter have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Baxter was $344,500 in October 2024, up 1.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $265K | -14.5% |
| 3 Bedrooms | $315K | $327K | +3.8% |
| 4 Bedrooms | $349.9K | $375K | +7.2% |
| 5+ Bedrooms | $430K | $430K | 0.0% |
Summary: Baxter housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| First Assessment | $355K | $400K | +12.7% |
| Brainerd | $279.4K | $295K | +5.6% |
| Baxter | $340.5K | $344.5K | +1.2% |
| Fort Ripley Township | $351.8K | $325K | -7.6% |
Housing Supply in Baxter, MN
How many homes are available in Baxter, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Summary: The Baxter real estate market had 61 homes for sale in October 2024, a 1.7% 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 | 14 | 14 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Baxter 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 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 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 Baxter, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Baxter in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 54 Days | +82.0% |
Summary: Homes in Baxter had an average of 54 days on market in Oct 2024, up by 82% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Baxter are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Baxter; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
