$748 Closing Credit*
$63,000
1,024 SqFt
2 Beds
•1 Bath
Listing Office: Realty Experts, LLC
Is Cass Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cass Lake was a Seller's Market.
Key Takeaway
Cass Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cass Lake, MN
How much do homes in Cass Lake, MN cost?
Median Sold Price
$214,000
$124/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$125,500(-37.0%)
Key Takeaway
Homes in Cass Lake have sold for 37% less than they did a month ago.
Summary: The median home sold price in Cass Lake was $214,000 in November 2024, down 37% from last month, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $337.5K | - | N/A |
| 3 Bedrooms | $95K | $214K | +125.3% |
| 4 Bedrooms | $475K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cass Lake 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 increased by 125.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pike Bay Township | $202K | $142K | -29.7% |
| Cass Lake | $339.5K | $214K | -37.0% |
Housing Supply in Cass Lake, MN
How many homes are available in Cass Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Cass Lake real estate market had 23 homes for sale in November 2024, a 4.5% increase 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cass Lake 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 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
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 Cass Lake, 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 Cass Lake in November 2024, down by 50.0% 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 Cass Lake, MN
How long does it take to sell a home in Cass Lake, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 52 Days | -35.6% |
Summary: Homes in Cass Lake had an average of 52 days on market in Nov 2024, down by 35.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cass Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Cass Lake; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
