$1,306 Closing Credit*
$110,000
1,434 SqFt
3 Beds
•1 Full Bath
Listing Office: REAL (3064 FGO)
Is Mahnomen County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mahnomen County was a Buyer's Market.
Key Takeaway
Mahnomen County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mahnomen County, MN
How much do homes in Mahnomen County, MN cost?
Median Sold Price
$216,000
$100/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$14,000(-6.1%)
Key Takeaway
Homes in Mahnomen County have sold for 6.1% less than they did a month ago.
Summary: The median home sold price in Mahnomen County was $216,000 in October 2024, down 6.1% from last month, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | - | N/A |
| 3 Bedrooms | - | $255K | N/A |
| 4 Bedrooms | - | $216K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mahnomen County 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.
Housing Supply in Mahnomen County, MN
How many homes are available in Mahnomen County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Summary: The Mahnomen County real estate market had 23 homes for sale in October 2024, a 53.3% increase 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 | 4 | +33.3% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mahnomen County 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 increased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 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 Mahnomen County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mahnomen County in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Mahnomen County, MN
How long does it take to sell a home in Mahnomen County, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 99 Days | +371.4% |
Summary: Homes in Mahnomen County had an average of 99 days on market in Oct 2024, up by 371.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mahnomen County has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Mahnomen County; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
