$5,699 Closing Credit*
$479,900
2,579 SqFt
5 Beds
•2 Full Baths
Listing Office: Capstone Realty, LLC
Is Nowthen, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$457,645
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$62,355(-12.0%)
Key Takeaway
Homes in Nowthen have sold for 12% less than they did a year ago.
Summary: The median home sold price in Nowthen was $457,645 in December 2024, down 12% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $430K | $260K | -39.5% |
| 3 Bedrooms | $379.9K | $279K | -26.6% |
| 4 Bedrooms | $566K | $600K | +6.0% |
| 5+ Bedrooms | $592.5K | $779.9K | +31.6% |
Summary: Nowthen housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.5%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
| Oak Grove | $451.5K | $489K | +8.3% |
| Ramsey | $368.1K | $394.9K | +7.3% |
| Saint Francis | $339.5K | $359.9K | +6.0% |
| Nowthen | $520K | $457.6K | -12.0% |
Housing Supply in Nowthen, MN
How many homes are available in Nowthen, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Nowthen real estate market had 10 homes for sale in December 2024, a 25.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Nowthen housing inventory by bedroom type for December 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 increased by 300%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nowthen, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Nowthen in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 63 Days | 31 Days | -49.7% |
Summary: Homes in Nowthen had an average of 31 days on market in Dec 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
2 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 Nowthen are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Nowthen; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
