$7,707 Closing Credit*
$649,000
2,804 SqFt
5 Beds
•2 Full Baths
Listing Office: HOMESTEAD ROAD
Is Chisago City, 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, Chisago City has remained a Seller's Market.
Key Takeaway
Chisago City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chisago City, MN
How much do homes in Chisago City, MN cost?
Median Sold Price
$425,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,900(-5.5%)
Key Takeaway
Homes in Chisago City have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Chisago City was $425,000 in October 2024, down 5.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $530K | +64.3% |
| 2 Bedrooms | $350K | $339.9K | -2.9% |
| 3 Bedrooms | $452K | $403.2K | -10.8% |
| 4 Bedrooms | $518.9K | $500K | -3.7% |
| 5+ Bedrooms | $475K | $525K | +10.5% |
Summary: Chisago City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in Chisago City, MN
How many homes are available in Chisago City, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Chisago City real estate market had 40 homes for sale in October 2024, a 7.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Chisago City 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 11.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chisago City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chisago City in October 2024, down by 50.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Chisago City, MN
How long does it take to sell a home in Chisago City, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 39 Days | -2.4% |
Summary: Homes in Chisago City had an average of 39 days on market in Oct 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chisago City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Chisago City; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
