$1,958 Closing Credit*
$164,900
1,404 SqFt
3 Beds
•1 Bath
Listing Office: Tru North Realty
Is Roseau 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, Roseau County has remained a Buyer's Market.
Key Takeaway
Roseau County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roseau County, MN
How much do homes in Roseau County, MN cost?
Median Sold Price
$200,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+10.5%)
Key Takeaway
Homes in Roseau County have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Roseau County was $200,000 in October 2024, up 10.5% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $60K | -22.1% |
| 2 Bedrooms | $152.5K | $157.7K | +3.4% |
| 3 Bedrooms | $177K | $198.5K | +12.1% |
| 4 Bedrooms | $261.5K | $257.4K | -1.5% |
| 5+ Bedrooms | $315K | $280K | -11.1% |
Summary: Roseau County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Counties
| Lake of the Woods County | $176.9K | $198.5K | +12.2% |
| Roseau County | $181K | $200K | +10.5% |
| Beltrami County | $255.2K | $280K | +9.7% |
| Marshall County | $137.5K | $150K | +9.1% |
Housing Supply in Roseau County, MN
How many homes are available in Roseau County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 107 | +15.1% |
Summary: The Roseau County real estate market had 107 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 35 | 42 | +20.0% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Roseau 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 increased by 11.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Roseau County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Roseau County in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Roseau County, MN
How long does it take to sell a home in Roseau County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 89 Days | +47.3% |
Summary: Homes in Roseau County had an average of 89 days on market in Oct 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Roseau County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in Roseau County; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
