$3,741 Closing Credit*
$315,000
1,800 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Grimes Realty
Is Bemidji Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bemidji Township has remained a Seller's Market.
Key Takeaway
Bemidji Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bemidji Township, MN
How much do homes in Bemidji Township, MN cost?
Median Sold Price
$287,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,666(+7.0%)
Key Takeaway
Homes in Bemidji Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Bemidji Township was $287,000 in October 2024, up 7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.9K | $80K | -45.9% |
| 2 Bedrooms | $220K | $218.5K | -0.7% |
| 3 Bedrooms | $254.2K | $292.5K | +15.1% |
| 4 Bedrooms | $337.4K | $316.9K | -6.1% |
| 5+ Bedrooms | $418.7K | $322.7K | -22.9% |
Summary: Bemidji Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Bemidji | $264.8K | $287K | +8.4% |
| Bemidji Township | $268.3K | $287K | +7.0% |
| Northern Township | $310K | $310.9K | 0.3% |
| Grant Valley Township | $276.5K | $277K | 0.2% |
Housing Supply in Bemidji Township, MN
How many homes are available in Bemidji Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 217 | 212 | -2.3% |
Summary: The Bemidji Township real estate market had 212 homes for sale in October 2024, a 2.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 64 | 70 | +9.4% |
| 3 Bedrooms | 79 | 67 | -15.2% |
| 4 Bedrooms | 44 | 49 | +11.4% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Bemidji Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bemidji Township, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Bemidji Township in October 2024, up by 17.6% month-over-month. Of the 40 sold homes, 53% were sold under asking, 25% were sold at asking, and 23% were sold over asking.
Days on Market for Bemidji Township, MN
How long does it take to sell a home in Bemidji Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 58 Days | -8.4% |
Summary: Homes in Bemidji Township had an average of 58 days on market in Oct 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bemidji Township has remained consistent over time.
Summary: During October 2024, 40 homes were sold in Bemidji Township; 35% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
