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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carlton is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Carlton, MN

How much do homes in Carlton, MN cost?

Median Sold Price

$325,000

$169/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$44,000(-11.9%)

Key Takeaway

Homes in Carlton have sold for 11.9% less than they did a month ago.

Summary: The median home sold price in Carlton was $325,000 in November 2024, down 11.9% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $369K-
N/A
2 -$169K
N/A
3 $418.5K$325K
-22.3%
4 --
N/A
5+ -$665K
N/A

Summary: Carlton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 22.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Twin Lakes Township
-2.9%
Carlton
-11.9%
Esko
-20.2%

Housing Supply in Carlton, MN

How many homes are available in Carlton, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2016-20.0%

Summary: The Carlton real estate market had 16 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 67
+16.7%
3 106
-40.0%
4 11
0.0%
5+ 22
0.0%

Summary: The Carlton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carlton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Carlton in November 2024, the same as the previous month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Carlton, MN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
27 Days53 Days+98.4%

Summary: Homes in Carlton had an average of 53 days on market in Nov 2024, up by 98.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Carlton; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Carlton, MN

Nearby Markets to Carlton, MN