$3,622 Closing Credit*
$305,000
1,910 SqFt
3 Beds
•2 Full Baths, 1 Partial
Alex Chapek, Listing Office: Odyssey Real Estate Group
Is Two Harbors, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Two Harbors has remained a Seller's Market.
Key Takeaway
Two Harbors is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Two Harbors, MN
How much do homes in Two Harbors, MN cost?
Median Sold Price
$245,000
$206/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$105,000(-30.0%)
Key Takeaway
Homes in Two Harbors have sold for 30% less than they did a month ago.
Summary: The median home sold price in Two Harbors was $245,000 in November 2024, down 30% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $200K | -4.8% |
| 2 Bedrooms | $750K | $400K | -46.7% |
| 3 Bedrooms | $274.9K | $241K | -12.3% |
| 4 Bedrooms | - | $260K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Two Harbors housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 46.7%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake No. 2 | $225K | $400K | +77.8% |
| Two Harbors | $350K | $245K | -30.0% |
Housing Supply in Two Harbors, MN
How many homes are available in Two Harbors, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Summary: The Two Harbors real estate market had 41 homes for sale in November 2024, a 17.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 2 | 11 | +450.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Two Harbors 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 7.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 450%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Two Harbors, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Two Harbors in November 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Two Harbors, MN
How long does it take to sell a home in Two Harbors, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +27.1% |
Summary: Homes in Two Harbors had an average of 17 days on market in Nov 2024, up by 27.1% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Two Harbors are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Two Harbors; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
