$47,900
Land
Listing Office: Lakes & Leisure Realty
Is Itasca County, 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, Itasca County has remained a Seller's Market.
Key Takeaway
Itasca County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Itasca County, MN
How much do homes in Itasca County, MN cost?
Median Sold Price
$259,800
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,733(+10.1%)
Key Takeaway
Homes in Itasca County have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Itasca County was $259,800 in November 2024, up 10.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.7K | $155.5K | +26.7% |
| 2 Bedrooms | $199.9K | $208.5K | +4.3% |
| 3 Bedrooms | $233K | $279K | +19.7% |
| 4 Bedrooms | $305K | $345K | +13.1% |
| 5+ Bedrooms | $302.5K | $399K | +31.9% |
Summary: Itasca County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Counties
| Saint Louis County | $245K | $290.7K | +18.7% |
| Itasca County | $236K | $259.8K | +10.1% |
| Koochiching County | $145K | $155K | +6.9% |
| Cass County | $325K | $325.6K | 0.2% |
| Aitkin County | $275K | $268.4K | -2.4% |
Housing Supply in Itasca County, MN
How many homes are available in Itasca County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 193 | 163 | -15.5% |
Summary: The Itasca County real estate market had 163 homes for sale in November 2024, a 15.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 53 | 42 | -20.8% |
| 3 Bedrooms | 78 | 68 | -12.8% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Itasca County 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 20.8%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 41 | -24.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Itasca County, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Itasca County in November 2024, down by 24.1% month-over-month. Of the 41 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Itasca County, MN
How long does it take to sell a home in Itasca County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 54 Days | +20.9% |
Summary: Homes in Itasca County had an average of 54 days on market in Nov 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Itasca County has remained consistent over time.
Summary: During November 2024, 41 homes were sold in Itasca County; 29% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
