$10,000 Closing Credit*
$1,295,000
4,225 SqFt
6 Beds
•1 Full Bath, 2 Partial
Listing Office: Larson Group Real Estate/Kelle
Is Crosslake, 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, Crosslake has remained a Seller'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
$499,950
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$65,050(-11.5%)
Key Takeaway
Homes in Crosslake have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Crosslake was $499,950 in October 2024, down 11.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $105K | -40.7% |
| 2 Bedrooms | $350K | $289K | -17.4% |
| 3 Bedrooms | $590K | $515K | -12.7% |
| 4 Bedrooms | $900K | $1.3M | +53.9% |
| 5+ Bedrooms | $2.0M | $1.5M | -24.8% |
Summary: Crosslake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.7%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 53.9%, and 5+ bedroom homes decreased by 24.8%.
Housing Supply in Crosslake, MN
How many homes are available in Crosslake, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 50 | -5.7% |
Summary: The Crosslake real estate market had 50 homes for sale in October 2024, a 5.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 16 | 10 | -37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Crosslake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
7 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. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Crosslake in October 2024, down by 43.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 88 Days | +93.6% |
Summary: Homes in Crosslake had an average of 88 days on market in Oct 2024, up by 93.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Crosslake has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Crosslake; 11% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
