$1,959 Closing Credit*
$165,000
1,034 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is Bovey, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Bovey has remained a Seller's Market.
Key Takeaway
Bovey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bovey, MN
How much do homes in Bovey, MN cost?
Median Sold Price
$280,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$70,000(+33.3%)
Key Takeaway
Homes in Bovey have sold for 33.3% more than they did a year ago.
Summary: The median home sold price in Bovey was $280,000 in December 2024, up 33.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $159.9K | -15.6% |
| 2 Bedrooms | $179.9K | $244.9K | +36.1% |
| 3 Bedrooms | $222.7K | $339K | +52.2% |
| 4 Bedrooms | $241.1K | $619K | +156.7% |
| 5+ Bedrooms | - | $366.8K | N/A |
Summary: Bovey housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 156.7%, and 5+ bedroom homes did not change.
Housing Supply in Bovey, MN
How many homes are available in Bovey, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Bovey real estate market had 10 homes for sale in December 2024, a 23.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bovey housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -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
Key Takeaway
If you're buying a home in Bovey, 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 Bovey in December 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 Bovey, MN
How long does it take to sell a home in Bovey, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 45 Days | 141 Days | +211.3% |
Summary: Homes in Bovey had an average of 141 days on market in Dec 2024, up by 211.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bovey are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 3 homes were sold in Bovey; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
