$10,000 Closing Credit*
$1,300,000
3,582 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sue Bott, Listing Office: RE/MAX Professionals - Two Harbors
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
Last month, Two Harbors was a Neutral 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
$350,000
$260/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$134,500(+62.4%)
Key Takeaway
Homes in Two Harbors have sold for 62.4% more than they did a month ago.
Summary: The median home sold price in Two Harbors was $350,000 in October 2024, up 62.4% from last month, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $175K | $750K | +328.6% |
| 3 Bedrooms | $344.5K | $274.9K | -20.2% |
| 4 Bedrooms | $655K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Two Harbors housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 328.6%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Silver Creek Township | $175K | $750K | +328.6% |
| Two Harbors | $215.5K | $350K | +62.4% |
| Lake No. 2 | $655K | $225K | -65.6% |
Housing Supply in Two Harbors, MN
How many homes are available in Two Harbors, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Summary: The Two Harbors real estate market had 39 homes for sale in October 2024, a 5.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Two Harbors housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Two Harbors, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Two Harbors in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 13 Days | -56.6% |
Summary: Homes in Two Harbors had an average of 13 days on market in Oct 2024, down by 56.6% compared to last month.
Breakdown of Home Sale Times
8 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 Two Harbors are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Two Harbors; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
