Is Crookston, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crookston is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Crookston has remained a Seller's Market.

Key Takeaway

Crookston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Crookston, MN

How much do homes in Crookston, MN cost?

Median Sold Price

$168,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,000(-4.0%)

Key Takeaway

Homes in Crookston have sold for 4% less than they did a year ago.

Summary: The median home sold price in Crookston was $168,000 in October 2024, down 4% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $102.7K-
N/A
2 $103.5K$120.2K
+16.1%
3 $175K$168K
-4.0%
4 $248.9K$182K
-26.9%
5+ $203.5K$479K
+135.4%

Summary: Crookston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes increased by 135.4%.

Median Sold Price Compared To Nearby Cities

Fairfax Township
+8.5%
Andover Township
+3.9%
Crookston Township
-3.4%
Crookston
-4.0%

Housing Supply in Crookston, MN

How many homes are available in Crookston, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2730+11.1%

Summary: The Crookston real estate market had 30 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1215
+25.0%
4 1110
-9.1%
5+ 01
+100.0%

Summary: The Crookston 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crookston, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Crookston in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Crookston, MN

How long does it take to sell a home in Crookston, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days102 Days+57.7%

Summary: Homes in Crookston had an average of 102 days on market in Oct 2024, up by 57.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Crookston are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in Crookston; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Crookston, MN

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