$3,325 Closing Credit*
$280,000
688 SqFt
2 Beds
•1 Full Bath
Listing Office: GRAND PROPERTIES REAL ESTATE
Is Bovey, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$275,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,250(+23.5%)
Key Takeaway
Homes in Bovey have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Bovey was $275,000 in November 2024, up 23.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $159.9K | N/A |
| 2 Bedrooms | $199.9K | $215K | +7.6% |
| 3 Bedrooms | $225.1K | $339K | +50.6% |
| 4 Bedrooms | $241.1K | $619K | +156.7% |
| 5+ Bedrooms | - | $366.8K | N/A |
Summary: Bovey housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 50.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Bovey real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bovey 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 increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Bovey in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 57 Days | +15.5% |
Summary: Homes in Bovey had an average of 57 days on market in Nov 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bovey are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Bovey; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
