Is Bigfork, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bigfork is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bigfork has remained a Seller's Market.

Key Takeaway

Bigfork is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bigfork, MN

How much do homes in Bigfork, MN cost?

Median Sold Price

$445,000

$478/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$257,090(+136.8%)

Key Takeaway

Homes in Bigfork have sold for 136.8% more than they did a month ago.

Summary: The median home sold price in Bigfork was $445,000 in November 2024, up 136.8% from last month, and the median price per square foot was $478.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $181.2K$377K
+108.0%
2 $250.9K$445K
+77.4%
3 $144.3K$1.5M
+967.1%
4 --
N/A
5+ --
N/A

Summary: Bigfork housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 108%, 2 bedroom homes increased by 77.4%, 3 bedroom homes increased by 967.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bigfork
+136.8%
Bigfork Township
+136.8%

Housing Supply in Bigfork, MN

How many homes are available in Bigfork, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1410-28.6%

Summary: The Bigfork real estate market had 10 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 54
-20.0%
3 54
-20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Bigfork housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bigfork, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Bigfork in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Bigfork, MN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
45 Days43 Days-5.0%

Summary: Homes in Bigfork had an average of 43 days on market in Nov 2024, down by 5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bigfork has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Bigfork; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Bigfork, MN

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