$1,306 Closing Credit*
$110,000
1,229 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: z'Up North Realty, Inc.
Is Eveleth, 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, Eveleth has remained a Seller's Market.
Key Takeaway
Eveleth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eveleth, MN
How much do homes in Eveleth, MN cost?
Median Sold Price
$255,899
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$90,899(+55.1%)
Key Takeaway
Homes in Eveleth have sold for 55.1% more than they did a year ago.
Summary: The median home sold price in Eveleth was $255,899 in October 2024, up 55.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $89.2K | $231.8K | +159.8% |
| 3 Bedrooms | $142.5K | $385K | +170.2% |
| 4 Bedrooms | $304.2K | $245K | -19.5% |
| 5+ Bedrooms | $172.4K | $433K | +151.1% |
Summary: Eveleth 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 increased by 159.8%, 3 bedroom homes increased by 170.2%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes increased by 151.1%.
Housing Supply in Eveleth, MN
How many homes are available in Eveleth, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Eveleth real estate market had 31 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Eveleth 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 decreased by 50%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eveleth, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Eveleth in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Eveleth, MN
How long does it take to sell a home in Eveleth, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 55 Days | +98.2% |
Summary: Homes in Eveleth had an average of 55 days on market in Oct 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eveleth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Eveleth; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
