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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dalton is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Dalton, MN

How much do homes in Dalton, MN cost?

Median Sold Price

$285,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$69,200(+32.1%)

Key Takeaway

Homes in Dalton have sold for 32.1% more than they did a year ago.

Summary: The median home sold price in Dalton was $285,000 in October 2024, up 32.1% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215.8K-
N/A
2 $234.9K$196.8K
-16.2%
3 $167.8K$245K
+46.0%
4 $449K$399.9K
-10.9%
5+ -$948K
N/A

Summary: Dalton 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 decreased by 16.2%, 3 bedroom homes increased by 46%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.

Housing Supply in Dalton, MN

How many homes are available in Dalton, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Dalton real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 55
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Dalton 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Dalton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Dalton in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Dalton, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days24 Days-8.6%

Summary: Homes in Dalton had an average of 24 days on market in Oct 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dalton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Dalton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Dalton, MN

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