$119,000
Land
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 November 2023
Since last year, Koochiching County has remained a Seller's Market.
Key Takeaway
Koochiching County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Koochiching County, MN
How much do homes in Koochiching County, MN cost?
Median Sold Price
$155,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+6.9%)
Key Takeaway
Homes in Koochiching County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Koochiching County was $155,000 in November 2024, up 6.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $145.8K | +0.6% |
| 2 Bedrooms | $124.9K | $144K | +15.3% |
| 3 Bedrooms | $139K | $149K | +7.2% |
| 4 Bedrooms | $170K | $224.7K | +32.2% |
| 5+ Bedrooms | $162K | $347.5K | +114.5% |
Summary: Koochiching County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes increased by 114.5%.
Median Sold Price Compared To Nearby Counties
| Lake of the Woods County | $179K | $213.7K | +19.4% |
| Saint Louis County | $245K | $290.7K | +18.7% |
| Itasca County | $236K | $259.8K | +10.1% |
| Beltrami County | $254.4K | $280K | +10.0% |
| Koochiching County | $145K | $155K | +6.9% |
Housing Supply in Koochiching County, MN
How many homes are available in Koochiching County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 56 | -15.2% |
Summary: The Koochiching County real estate market had 56 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 22 | 17 | -22.7% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Koochiching County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Koochiching County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Koochiching County in November 2024, up by 10.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 70 Days | -12.3% |
Summary: Homes in Koochiching County had an average of 70 days on market in Nov 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Koochiching County has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Koochiching County; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
