$4,144 Closing Credit*
$349,000
4,160 SqFt
4 Beds
•3 Full Baths
Listing Office: Reed Realty Thief River Falls
Is Karlstad, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Karlstad has remained a Seller's Market.
Key Takeaway
Karlstad is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Karlstad, MN
How much do homes in Karlstad, MN cost?
Median Sold Price
$141,000
$91/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$37,000(+35.6%)
Key Takeaway
Homes in Karlstad have sold for 35.6% more than they did a month ago.
Summary: The median home sold price in Karlstad was $141,000 in October 2024, up 35.6% from last month, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $104K | - | N/A |
| 3 Bedrooms | - | $140K | N/A |
| 4 Bedrooms | - | $142K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Karlstad housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Deerwood Township | $245K | $939K | +283.3% |
| Karlstad | $104K | $141K | +35.6% |
Housing Supply in Karlstad, MN
How many homes are available in Karlstad, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Karlstad real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Karlstad 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Karlstad, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Karlstad in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Karlstad, MN
How long does it take to sell a home in Karlstad, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 74 Days | +148.3% |
Summary: Homes in Karlstad had an average of 74 days on market in Oct 2024, up by 148.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Karlstad has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Karlstad; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
