$3,859 Closing Credit*
$325,000
2,636 SqFt
3 Beds
•2 Full Baths
Listing Office: Hometown Realty
Is Thief River Falls, 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, Thief River Falls has remained a Seller's Market.
Key Takeaway
Thief River Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thief River Falls, MN
How much do homes in Thief River Falls, MN cost?
Median Sold Price
$170,200
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,800(-2.2%)
Key Takeaway
Homes in Thief River Falls have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Thief River Falls was $170,200 in November 2024, down 2.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18.6K | $150K | +706.5% |
| 2 Bedrooms | $142.7K | $141K | -1.2% |
| 3 Bedrooms | $170K | $186.5K | +9.7% |
| 4 Bedrooms | $233.5K | $207.5K | -11.1% |
| 5+ Bedrooms | $277.5K | $285K | +2.7% |
Summary: Thief River Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 706.5%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in Thief River Falls, MN
How many homes are available in Thief River Falls, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 70 | -4.1% |
Summary: The Thief River Falls real estate market had 70 homes for sale in November 2024, a 4.1% 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 | 19 | 17 | -10.5% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Thief River Falls 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 10.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thief River Falls, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Thief River Falls in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Thief River Falls, MN
How long does it take to sell a home in Thief River Falls, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 170 Days | +447.4% |
Summary: Homes in Thief River Falls had an average of 170 days on market in Nov 2024, up by 447.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Thief River Falls are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in Thief River Falls; 23% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.
