$1,100,000
Land
Listing Office: Parcel Real Estate Inc.
Is Sauk Rapids, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sauk Rapids has remained a Seller's Market.
Key Takeaway
Sauk Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sauk Rapids, MN
How much do homes in Sauk Rapids, MN cost?
Median Sold Price
$286,250
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,000(+1.4%)
Key Takeaway
Homes in Sauk Rapids have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Sauk Rapids was $286,250 in November 2024, up 1.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $105.9K | -26.9% |
| 2 Bedrooms | $205K | $264.5K | +29.0% |
| 3 Bedrooms | $277.4K | $281.8K | +1.6% |
| 4 Bedrooms | $300K | $299K | -0.3% |
| 5+ Bedrooms | $345K | $320K | -7.2% |
Summary: Sauk Rapids housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.9%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Saint Cloud | $234.9K | $241.5K | +2.8% |
| Sauk Rapids | $282.2K | $286.2K | +1.4% |
| Sauk Rapids Township | $282.5K | $286.2K | +1.3% |
| Sartell | $339.9K | $325K | -4.4% |
Housing Supply in Sauk Rapids, MN
How many homes are available in Sauk Rapids, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 45 | -16.7% |
Summary: The Sauk Rapids real estate market had 45 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Sauk Rapids 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 decreased by 37.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sauk Rapids, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Sauk Rapids in November 2024, up by 6.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for Sauk Rapids, MN
How long does it take to sell a home in Sauk Rapids, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 41 Days | +115.7% |
Summary: Homes in Sauk Rapids had an average of 41 days on market in Nov 2024, up by 115.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sauk Rapids are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Sauk Rapids; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
