$1,603 Closing Credit*
$135,000
824 SqFt
2 Beds
•1 Full Bath
Listing Office: GRAND PROPERTIES REAL ESTATE
Is Itasca 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, 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
$255,450
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,450(+8.7%)
Key Takeaway
Homes in Itasca County have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Itasca County was $255,450 in October 2024, up 8.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $155K | +31.4% |
| 2 Bedrooms | $190K | $208.5K | +9.7% |
| 3 Bedrooms | $234.2K | $270K | +15.3% |
| 4 Bedrooms | $300K | $325K | +8.3% |
| 5+ Bedrooms | $294.5K | $399K | +35.5% |
Summary: Itasca County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 35.5%.
Median Sold Price Compared To Nearby Counties
| Saint Louis County | $230K | $286.4K | +24.5% |
| Itasca County | $235K | $255.4K | +8.7% |
| Koochiching County | $145K | $157K | +8.3% |
| Cass County | $325K | $324.8K | -0.1% |
| Aitkin County | $276.5K | $260K | -6.0% |
Housing Supply in Itasca County, MN
How many homes are available in Itasca County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 222 | 205 | -7.7% |
Summary: The Itasca County real estate market had 205 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 67 | 57 | -14.9% |
| 3 Bedrooms | 95 | 83 | -12.6% |
| 4 Bedrooms | 38 | 44 | +15.8% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Itasca County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 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. 58.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Itasca County in October 2024, down by 8.9% month-over-month. Of the 51 sold homes, 59% were sold under asking, 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +8.2% |
Summary: Homes in Itasca County had an average of 52 days on market in Oct 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Itasca County has remained consistent over time.
Summary: During October 2024, 51 homes were sold in Itasca County; 31% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
