$3,147 Closing Credit*
$265,000
2,201 SqFt
3 Beds
•1 Full Bath
Listing Office: Kvamme Real Estate
Is Clay County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Clay County was a Seller's Market.
Key Takeaway
Clay County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clay County, MN
How much do homes in Clay County, MN cost?
Median Sold Price
$265,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,575(+1.0%)
Key Takeaway
Homes in Clay County have sold for 1% more than they did a year ago.
Summary: The median home sold price in Clay County was $265,000 in November 2024, up 1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | $110K | +15.9% |
| 2 Bedrooms | $195.9K | $191.5K | -2.2% |
| 3 Bedrooms | $239.3K | $245.5K | +2.6% |
| 4 Bedrooms | $309.5K | $310K | 0.2% |
| 5+ Bedrooms | $342K | $407.5K | +19.2% |
Summary: Clay County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Counties
| Richland County | $195K | $250K | +28.2% |
| Norman County | $149.5K | $165K | +10.4% |
| Cass County | $304.7K | $316.2K | +3.8% |
| Clay County | $262.4K | $265K | +1.0% |
| Wilkin County | $158K | $152.5K | -3.5% |
Housing Supply in Clay County, MN
How many homes are available in Clay County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 653 | 515 | -21.1% |
Summary: The Clay County real estate market had 515 homes for sale in November 2024, a 21.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 7 | -36.4% |
| 2 Bedrooms | 91 | 68 | -25.3% |
| 3 Bedrooms | 238 | 184 | -22.7% |
| 4 Bedrooms | 226 | 188 | -16.8% |
| 5+ Bedrooms | 87 | 68 | -21.8% |
Summary: The Clay County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 25.3%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 21.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 128 | 82 | -35.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
24 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. 46.3% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Clay County in November 2024, down by 35.9% month-over-month. Of the 82 sold homes, 46% were sold under asking, 24% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 49 Days | -40.8% |
Summary: Homes in Clay County had an average of 49 days on market in Nov 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
11 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 November 2024, 82 homes were sold in Clay County; 50% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
