$3,871 Closing Credit*
$326,000
1,902 SqFt
4 Beds
•2 Full Baths
Listing Office: RE/MAX Legacy Realty
Is Clay County, 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, Clay County has remained a Seller's Market.
Key Takeaway
Clay County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clay County, MN
How much do homes in Clay County, MN cost?
Median Sold Price
$264,986
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,986(+1.9%)
Key Takeaway
Homes in Clay County have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Clay County was $264,986 in October 2024, up 1.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | $110K | +15.9% |
| 2 Bedrooms | $195.9K | $195K | -0.5% |
| 3 Bedrooms | $237.8K | $244.9K | +3.0% |
| 4 Bedrooms | $309.4K | $305K | -1.4% |
| 5+ Bedrooms | $344K | $411.2K | +19.5% |
Summary: Clay County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Counties
| Richland County | $208K | $240K | +15.4% |
| Norman County | $149.5K | $161.5K | +8.0% |
| Cass County | $301.7K | $315.2K | +4.5% |
| Clay County | $260K | $264.9K | +1.9% |
| Wilkin County | $158K | $149.9K | -5.1% |
Housing Supply in Clay County, MN
How many homes are available in Clay County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 649 | 679 | +4.6% |
Summary: The Clay County real estate market had 679 homes for sale in October 2024, a 4.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 75 | 94 | +25.3% |
| 3 Bedrooms | 224 | 250 | +11.6% |
| 4 Bedrooms | 239 | 234 | -2.1% |
| 5+ Bedrooms | 101 | 89 | -11.9% |
Summary: The Clay County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 11.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clay County, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Clay County in October 2024, up by 3.3% month-over-month. Of the 124 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.
Days on Market for Clay County, MN
How long does it take to sell a home in Clay County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 38 Days | -35.2% |
Summary: Homes in Clay County had an average of 38 days on market in Oct 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clay County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 124 homes were sold in Clay County; 27% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
