$2,611 Closing Credit*
$219,900
3,120 SqFt
Listing Office: KW Inspire Realty Keller Williams
Is Norman County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Norman County has remained a Seller's Market.
Key Takeaway
Norman County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norman County, MN
How much do homes in Norman County, MN cost?
Median Sold Price
$161,500
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+8.0%)
Key Takeaway
Homes in Norman County have sold for 8% more than they did a year ago.
Summary: The median home sold price in Norman County was $161,500 in October 2024, up 8% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.7K | $165K | +315.1% |
| 2 Bedrooms | $79.9K | $178K | +122.6% |
| 3 Bedrooms | $160K | $154.5K | -3.4% |
| 4 Bedrooms | $159.7K | $200K | +25.2% |
| 5+ Bedrooms | $353K | $100K | -71.7% |
Summary: Norman County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 315.1%, 2 bedroom homes increased by 122.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes decreased by 71.7%.
Median Sold Price Compared To Nearby Counties
| Polk County | $160.5K | $179.4K | +11.8% |
| Norman County | $149.5K | $161.5K | +8.0% |
| Cass County | $301.7K | $315.2K | +4.5% |
| Clay County | $260K | $264.9K | +1.9% |
| Traill County | $206.5K | $210K | +1.7% |
Housing Supply in Norman County, MN
How many homes are available in Norman County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 63 | 0.0% |
Summary: The Norman County real estate market had 63 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Norman 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 remained the same, 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 |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norman County, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Norman County in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Norman County, MN
How long does it take to sell a home in Norman County, MN?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norman County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Norman County; 27% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
