Is Douglas County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas County is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Douglas County, MN

How much do homes in Douglas County, MN cost?

Median Sold Price

$340,060

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,310(+3.1%)

Key Takeaway

Homes in Douglas County have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Douglas County was $340,060 in December 2024, up 3.1% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $85K$154.5K
+81.8%
2 $272K$255K
-6.3%
3 $320K$340K
+6.3%
4 $377.4K$377.9K
0.1%
5+ $548K$470K
-14.2%

Summary: Douglas County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.8%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 14.2%.

Median Sold Price Compared To Nearby Counties

Grant County
+20.5%
Douglas County
+3.1%
Todd County
+1.5%
Otter Tail County
+0.9%

Housing Supply in Douglas County, MN

How many homes are available in Douglas County, MN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
181152-16.0%

Summary: The Douglas County real estate market had 152 homes for sale in December 2024, a 16.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 42
-50.0%
2 3730
-18.9%
3 6557
-12.3%
4 4844
-8.3%
5+ 2719
-29.6%

Summary: The Douglas County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 29.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4429-34.1%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer66%21%14%

Key Takeaway

If you're buying a home in Douglas County, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Douglas County in December 2024, down by 34.1% month-over-month. Of the 29 sold homes, 66% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for Douglas County, MN

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

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days50 Days-0.4%

Summary: Homes in Douglas County had an average of 50 days on market in Dec 2024, down by 0.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times52%41%7%

Key Takeaway

Avg time on Rocket Homes in Douglas County has remained consistent over time.

Summary: During December 2024, 29 homes were sold in Douglas County; 41% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 7% 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 8 Days Ago

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