$3,918 Closing Credit*
$329,900
2,600 SqFt
5 Beds
•1 Full Bath
Listing Office: Century 21 Moline Realty Inc
Is Kanabec 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, Kanabec County has remained a Seller's Market.
Key Takeaway
Kanabec County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kanabec County, MN
How much do homes in Kanabec County, MN cost?
Median Sold Price
$280,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,100(+12.0%)
Key Takeaway
Homes in Kanabec County have sold for 12% more than they did a year ago.
Summary: The median home sold price in Kanabec County was $280,000 in November 2024, up 12% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.5K | $222K | +30.2% |
| 2 Bedrooms | $281K | $225K | -19.9% |
| 3 Bedrooms | $239.9K | $285K | +18.8% |
| 4 Bedrooms | $245K | $380K | +55.1% |
| 5+ Bedrooms | $450K | $462.5K | +2.8% |
Summary: Kanabec County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes decreased by 19.9%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 55.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Counties
| Kanabec County | $249.9K | $280K | +12.0% |
| Pine County | $259.4K | $280.9K | +8.3% |
| Mille Lacs County | $299.9K | $315K | +5.0% |
| Isanti County | $315K | $316.6K | 0.5% |
| Aitkin County | $275K | $268.4K | -2.4% |
Housing Supply in Kanabec County, MN
How many homes are available in Kanabec County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The Kanabec County real estate market had 52 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Kanabec County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kanabec County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Kanabec County in November 2024, up by 50.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Kanabec County, MN
How long does it take to sell a home in Kanabec County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 28 Days | -1.2% |
Summary: Homes in Kanabec County had an average of 28 days on market in Nov 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kanabec County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Kanabec County; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
