$3,561 Closing Credit*
$299,900
1,684 SqFt
2 Beds
•1 Full Bath
Listing Office: Century 21 Brainerd Realty
Is Brainerd, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$295,083
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,608(+5.6%)
Key Takeaway
Homes in Brainerd have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Brainerd was $295,083 in October 2024, up 5.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $190K | +46.3% |
| 2 Bedrooms | $222.2K | $222.5K | 0.1% |
| 3 Bedrooms | $265K | $290K | +9.4% |
| 4 Bedrooms | $359.9K | $349.9K | -2.8% |
| 5+ Bedrooms | $515K | $524.9K | +1.9% |
Summary: Brainerd housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Long Lake Township | $534.8K | $700K | +30.9% |
| First Assessment | $355K | $400K | +12.7% |
| Brainerd | $279.4K | $295K | +5.6% |
| Baxter | $340.5K | $344.5K | +1.2% |
| Oak Lawn Township | $330K | $327.7K | -0.7% |
Housing Supply in Brainerd, MN
How many homes are available in Brainerd, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 173 | +4.2% |
Summary: The Brainerd real estate market had 173 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 40 | 37 | -7.5% |
| 3 Bedrooms | 57 | 65 | +14.0% |
| 4 Bedrooms | 54 | 51 | -5.6% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Brainerd housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brainerd, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Brainerd in October 2024, down by 13.2% month-over-month. Of the 33 sold homes, 30% were sold under asking, 27% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 33 Days | +7.5% |
Summary: Homes in Brainerd had an average of 33 days on market in Oct 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 33 homes were sold in Brainerd; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
