$119,000
Land
Listing Office: Move it Real Estate Group/Lake
Is International Falls, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, International Falls has remained a Seller's Market.
Key Takeaway
International Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in International Falls, MN
How much do homes in International Falls, MN cost?
Median Sold Price
$145,850
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,400(+4.6%)
Key Takeaway
Homes in International Falls have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in International Falls was $145,850 in November 2024, up 4.6% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $129.9K | -7.2% |
| 2 Bedrooms | $105K | $140K | +33.3% |
| 3 Bedrooms | $125K | $144K | +15.2% |
| 4 Bedrooms | $180K | $180K | 0.0% |
| 5+ Bedrooms | $159K | $350K | +120.1% |
Summary: International Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 120.1%.
Housing Supply in International Falls, MN
How many homes are available in International Falls, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 34 | -19.0% |
Summary: The International Falls real estate market had 34 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 10 | -33.3% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The International Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
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 International Falls, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in International Falls in November 2024, up by 25.0% 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 International Falls, MN
How long does it take to sell a home in International Falls, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 66 Days | +17.2% |
Summary: Homes in International Falls had an average of 66 days on market in Nov 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in International Falls has remained consistent over time.
Summary: During November 2024, 10 homes were sold in International Falls; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
