$200,000
Land
Listing Office: Edina Realty, Inc.
Is Douglas County, 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, 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
$339,133
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,466(+4.8%)
Key Takeaway
Homes in Douglas County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Douglas County was $339,133 in October 2024, up 4.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $140K | +47.4% |
| 2 Bedrooms | $270K | $252.5K | -6.5% |
| 3 Bedrooms | $308.5K | $335K | +8.6% |
| 4 Bedrooms | $372.5K | $367K | -1.5% |
| 5+ Bedrooms | $525K | $459.9K | -12.4% |
Summary: Douglas County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Counties
| Grant County | $149.9K | $179K | +19.4% |
| Otter Tail County | $260.2K | $280K | +7.6% |
| Pope County | $228.5K | $245K | +7.2% |
| Douglas County | $323.6K | $339.1K | +4.8% |
| Todd County | $207.6K | $202.7K | -2.4% |
Housing Supply in Douglas County, MN
How many homes are available in Douglas County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 256 | 247 | -3.5% |
Summary: The Douglas County real estate market had 247 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 57 | 45 | -21.1% |
| 3 Bedrooms | 88 | 95 | +8.0% |
| 4 Bedrooms | 71 | 66 | -7.0% |
| 5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The Douglas County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 51 | -19.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglas County, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Douglas County in October 2024, down by 19.0% month-over-month. Of the 51 sold homes, 57% were sold under asking, 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 46 Days | +44.8% |
Summary: Homes in Douglas County had an average of 46 days on market in Oct 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Douglas County has remained consistent over time.
Summary: During October 2024, 51 homes were sold in Douglas County; 43% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
