$2,613 Closing Credit*
$220,000
1,299 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is Big Lake, 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, Big Lake was a Seller's Market.
Key Takeaway
Big Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Lake, MN
How much do homes in Big Lake, MN cost?
Median Sold Price
$350,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25(0.0%)
Key Takeaway
The sold price of homes in Big Lake has remained the same since last year.
Summary: The median home sold price in Big Lake was $350,000 in November 2024, the same as last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.4K | $205K | +21.7% |
| 2 Bedrooms | $306K | $298.4K | -2.5% |
| 3 Bedrooms | $349.9K | $349.9K | 0% |
| 4 Bedrooms | $367.5K | $365K | -0.7% |
| 5+ Bedrooms | $375K | $460K | +22.7% |
Summary: Big Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Big Lake Township | $350.7K | $354.2K | +1.0% |
| Big Lake | $349.9K | $350K | 0.0% |
Housing Supply in Big Lake, MN
How many homes are available in Big Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 101 | 0.0% |
Summary: The Big Lake real estate market had 101 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 41 | 35 | -14.6% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Big Lake 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 increased by 9.1%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 13 | -51.9% |
Asking Price vs. Sold Price
8 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 Big Lake, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Big Lake in November 2024, down by 51.9% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Big Lake, MN
How long does it take to sell a home in Big Lake, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 38 Days | +79.4% |
Summary: Homes in Big Lake had an average of 38 days on market in Nov 2024, up by 79.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Big Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Big Lake; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
