$3,086 Closing Credit*
$259,900
1,869 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX RESULTS
Is Nowthen, 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, Nowthen has remained a Seller's Market.
Key Takeaway
Nowthen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nowthen, MN
How much do homes in Nowthen, MN cost?
Median Sold Price
$564,900
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$149,900(+36.1%)
Key Takeaway
Homes in Nowthen have sold for 36.1% more than they did a year ago.
Summary: The median home sold price in Nowthen was $564,900 in October 2024, up 36.1% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377.4K | $270K | -28.5% |
| 3 Bedrooms | $377.4K | $340K | -9.9% |
| 4 Bedrooms | $440.4K | $602.5K | +36.8% |
| 5+ Bedrooms | $560.1K | $702K | +25.3% |
Summary: Nowthen housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Nowthen | $415K | $564.9K | +36.1% |
| Oak Grove | $450K | $480K | +6.7% |
| Saint Francis | $339K | $359.7K | +6.1% |
| Ramsey | $375K | $381K | +1.6% |
Housing Supply in Nowthen, MN
How many homes are available in Nowthen, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Nowthen real estate market had 14 homes for sale in October 2024, a 7.7% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Nowthen 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nowthen, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nowthen in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Nowthen, MN
How long does it take to sell a home in Nowthen, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 82 Days | +335.5% |
Summary: Homes in Nowthen had an average of 82 days on market in Oct 2024, up by 335.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Nowthen are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Nowthen; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
