$4,239 Closing Credit*
$357,000
800 SqFt
2 Beds
•1 Full Bath
Rae Johnson, Listing Office: Welcome Home Realty
Is Moose Lake, 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, Moose Lake has remained a Seller's Market.
Key Takeaway
Moose Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moose Lake, MN
How much do homes in Moose Lake, MN cost?
Median Sold Price
$212,000
$160/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$83,000(-28.1%)
Key Takeaway
Homes in Moose Lake have sold for 28.1% less than they did a month ago.
Summary: The median home sold price in Moose Lake was $212,000 in October 2024, down 28.1% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $74.5K | -74.7% |
| 2 Bedrooms | $320K | $212K | -33.8% |
| 3 Bedrooms | $369.9K | $232.5K | -37.2% |
| 4 Bedrooms | $248K | $436.5K | +76.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Moose Lake housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 74.7%, 2 bedroom homes decreased by 33.8%, 3 bedroom homes decreased by 37.2%, 4 bedroom homes increased by 76%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Moose Lake | $295K | $212K | -28.1% |
| Moose Lake Township | $295K | $212K | -28.1% |
Housing Supply in Moose Lake, MN
How many homes are available in Moose Lake, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The Moose Lake real estate market had 19 homes for sale in October 2024, a 24.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Moose Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moose Lake, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Moose Lake in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Moose Lake, MN
How long does it take to sell a home in Moose Lake, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 12 Days | -44.3% |
Summary: Homes in Moose Lake had an average of 12 days on market in Oct 2024, down by 44.3% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moose Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Moose Lake; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
