$3,313 Closing Credit*
$279,000
1 SqFt
Listing Office: Counselor Realty, Inc.
Is Crosslake, 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, Crosslake was a Buyer's Market.
Key Takeaway
Crosslake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crosslake, MN
How much do homes in Crosslake, MN cost?
Median Sold Price
$520,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,000(-8.0%)
Key Takeaway
Homes in Crosslake have sold for 8% less than they did a year ago.
Summary: The median home sold price in Crosslake was $520,000 in November 2024, down 8% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $105K | -40.7% |
| 2 Bedrooms | $309.5K | $295.5K | -4.5% |
| 3 Bedrooms | $590K | $564K | -4.4% |
| 4 Bedrooms | $900K | $1.3M | +53.9% |
| 5+ Bedrooms | $1.6M | $1.3M | -14.8% |
Summary: Crosslake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.7%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 53.9%, and 5+ bedroom homes decreased by 14.8%.
Housing Supply in Crosslake, MN
How many homes are available in Crosslake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Summary: The Crosslake real estate market had 39 homes for sale in November 2024, a 17.0% 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 | 15 | 12 | -20.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Crosslake 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 20%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Crosslake, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Crosslake in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Crosslake, MN
How long does it take to sell a home in Crosslake, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 73 Days | +443.9% |
Summary: Homes in Crosslake had an average of 73 days on market in Nov 2024, up by 443.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crosslake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Crosslake; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
