$139,000
Land
Listing Office: RE/MAX Results - Nisswa
Is Brainerd, 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, Brainerd has remained a Seller's Market.
Key Takeaway
Brainerd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brainerd, MN
How much do homes in Brainerd, MN cost?
Median Sold Price
$301,666
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,666(+7.4%)
Key Takeaway
Homes in Brainerd have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Brainerd was $301,666 in November 2024, up 7.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.9K | $259.9K | +109.7% |
| 2 Bedrooms | $226.9K | $217.9K | -4.0% |
| 3 Bedrooms | $260K | $302.5K | +16.3% |
| 4 Bedrooms | $367.5K | $354.7K | -3.5% |
| 5+ Bedrooms | $515K | $549.9K | +6.8% |
Summary: Brainerd housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Long Lake Township | $525K | $700K | +33.3% |
| First Assessment | $367.5K | $405K | +10.2% |
| Brainerd | $281K | $301.6K | +7.4% |
| Baxter | $345K | $349.9K | +1.4% |
| Oak Lawn Township | $337.5K | $335K | -0.7% |
Housing Supply in Brainerd, MN
How many homes are available in Brainerd, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 | 149 | -2.6% |
Summary: The Brainerd real estate market had 149 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 34 | 35 | +2.9% |
| 3 Bedrooms | 58 | 54 | -6.9% |
| 4 Bedrooms | 47 | 47 | 0.0% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Brainerd housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brainerd, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Brainerd in November 2024, down by 11.8% month-over-month. Of the 30 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Brainerd, MN
How long does it take to sell a home in Brainerd, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 42 Days | -10.5% |
Summary: Homes in Brainerd had an average of 42 days on market in Nov 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brainerd are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Brainerd; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
