Is North Carlton, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Carlton is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, North Carlton has remained a Seller's Market.

Key Takeaway

North Carlton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Carlton, MN

How much do homes in North Carlton, MN cost?

Median Sold Price

$117,250

$148/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$367,750(-75.8%)

Key Takeaway

Homes in North Carlton have sold for 75.8% less than they did a month ago.

Summary: The median home sold price in North Carlton was $117,250 in November 2024, down 75.8% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$117K
N/A
2 -$117.5K
N/A
3 $485K-
N/A
4 --
N/A
5+ --
N/A

Summary: North Carlton housing prices by bedroom type for November 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 North Carlton, MN

How many homes are available in North Carlton, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
53-40.0%

Summary: The North Carlton real estate market had 3 homes for sale in November 2024, a 40.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 31
-66.7%
4 00
0.0%
5+ 00
0.0%

Summary: The North Carlton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Carlton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in North Carlton in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Carlton, MN

How long does it take to sell a home in North Carlton, MN?

Average Sale Time

Oct 2024Nov 2024CHANGE
74 Days33 Days-55.4%

Summary: Homes in North Carlton had an average of 33 days on market in Nov 2024, down by 55.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Carlton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in North Carlton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in North Carlton, MN

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