$5,224 Closing Credit*
$439,900
2,300 SqFt
4 Beds
•1 Full Bath
Listing Office: John Thomas Realty
Is Clear Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Clear Lake has remained a Seller's Market.
Key Takeaway
Clear Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clear Lake, MN
How much do homes in Clear Lake, MN cost?
Median Sold Price
$390,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+11.4%)
Key Takeaway
Homes in Clear Lake have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Clear Lake was $390,000 in November 2024, up 11.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.9K | $234.2K | -41.4% |
| 2 Bedrooms | $287.4K | $337K | +17.2% |
| 3 Bedrooms | $343.4K | $390K | +13.6% |
| 4 Bedrooms | $445K | $429.5K | -3.5% |
| 5+ Bedrooms | $475.5K | $450K | -5.4% |
Summary: Clear Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Clear Lake | $350K | $390K | +11.4% |
| Clear Lake Township | $350K | $390K | +11.4% |
Housing Supply in Clear Lake, MN
How many homes are available in Clear Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The Clear Lake real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Clear Lake 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 decreased by 11.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clear Lake, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Clear Lake in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Clear Lake, MN
How long does it take to sell a home in Clear Lake, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 22 Days | -57.2% |
Summary: Homes in Clear Lake had an average of 22 days on market in Nov 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clear Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Clear Lake; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
