$2,482 Closing Credit*
$209,000
2,112 SqFt
2 Beds
•1 Full Bath
Listing Office: Pahlen Realty, Inc.
Is Warroad, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Warroad was a Neutral Market.
Key Takeaway
Warroad is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Warroad, MN
How much do homes in Warroad, MN cost?
Median Sold Price
$200,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-16.7%)
Key Takeaway
Homes in Warroad have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in Warroad was $200,000 in October 2024, down 16.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $112K | $159.7K | +42.6% |
| 3 Bedrooms | $185.5K | $181.7K | -2.0% |
| 4 Bedrooms | $264K | $290K | +9.8% |
| 5+ Bedrooms | $332.5K | $258K | -22.4% |
Summary: Warroad housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 22.4%.
Housing Supply in Warroad, MN
How many homes are available in Warroad, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Warroad real estate market had 40 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Warroad 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 28.6%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Warroad, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Warroad in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Warroad, MN
How long does it take to sell a home in Warroad, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 27 Days | +93.6% |
Summary: Homes in Warroad had an average of 27 days on market in Oct 2024, up by 93.6% compared to last year.
Breakdown of Home Sale Times
2 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 Warroad are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Warroad; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
