$949 Closing Credit*
$79,900
1,334 SqFt
4 Beds
•2 Full Baths
Listing Office: Move it Real Estate Group/Lake
Is Koochiching County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Koochiching County was a Seller's Market.
Key Takeaway
Koochiching County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Koochiching County, MN
How much do homes in Koochiching County, MN cost?
Median Sold Price
$157,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+8.3%)
Key Takeaway
Homes in Koochiching County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Koochiching County was $157,000 in October 2024, up 8.3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $145.8K | +0.6% |
| 2 Bedrooms | $109K | $149.9K | +37.5% |
| 3 Bedrooms | $145K | $146.5K | +1.0% |
| 4 Bedrooms | $166.5K | $230K | +38.1% |
| 5+ Bedrooms | $165K | $347.5K | +110.6% |
Summary: Koochiching County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 110.6%.
Median Sold Price Compared To Nearby Counties
| Saint Louis County | $230K | $286.4K | +24.5% |
| Lake of the Woods County | $176.9K | $198.5K | +12.2% |
| Beltrami County | $255.2K | $280K | +9.7% |
| Itasca County | $235K | $255.4K | +8.7% |
| Koochiching County | $145K | $157K | +8.3% |
Housing Supply in Koochiching County, MN
How many homes are available in Koochiching County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 71 | +6.0% |
Summary: The Koochiching County real estate market had 71 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Koochiching County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Koochiching County, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Koochiching County in October 2024, down by 8.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Koochiching County, MN
How long does it take to sell a home in Koochiching County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 47 Days | -30.2% |
Summary: Homes in Koochiching County had an average of 47 days on market in Oct 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Koochiching County has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Koochiching County; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
