Is Beltrami County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beltrami County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Beltrami County was a Seller's Market.

Key Takeaway

Beltrami County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Beltrami County, MN

How much do homes in Beltrami County, MN cost?

Median Sold Price

$280,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,516(+10.0%)

Key Takeaway

Homes in Beltrami County have sold for 10% more than they did a year ago.

Summary: The median home sold price in Beltrami County was $280,000 in November 2024, up 10% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $102.4K$97.4K
-4.9%
2 $212.4K$220K
+3.6%
3 $255K$280K
+9.8%
4 $332.5K$319.9K
-3.8%
5+ $379K$359K
-5.3%

Summary: Beltrami County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Counties

Itasca County
+10.1%
Beltrami County
+10.0%
Koochiching County
+6.9%
Clearwater County
+5.6%
Hubbard County
+3.0%

Housing Supply in Beltrami County, MN

How many homes are available in Beltrami County, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
242210-13.2%

Summary: The Beltrami County real estate market had 210 homes for sale in November 2024, a 13.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2018
-10.0%
2 7869
-11.5%
3 7770
-9.1%
4 5343
-18.9%
5+ 1410
-28.6%

Summary: The Beltrami County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5422-59.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beltrami County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Beltrami County in November 2024, down by 59.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Beltrami County, MN

How long does it take to sell a home in Beltrami County, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days70 Days+44.1%

Summary: Homes in Beltrami County had an average of 70 days on market in Nov 2024, up by 44.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Beltrami County has remained consistent over time.

Summary: During November 2024, 22 homes were sold in Beltrami County; 32% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Beltrami County, MN

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