$46,000
Land
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 November 2023
At the same time last year, Warroad was a Seller's 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
$212,333
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,616(-7.7%)
Key Takeaway
Homes in Warroad have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Warroad was $212,333 in November 2024, down 7.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $121.2K | $172K | +41.9% |
| 3 Bedrooms | $183.5K | $181.7K | -0.9% |
| 4 Bedrooms | $264K | $285K | +8.0% |
| 5+ Bedrooms | $315K | - | N/A |
Summary: Warroad housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.
Housing Supply in Warroad, MN
How many homes are available in Warroad, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Warroad real estate market had 37 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Warroad housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warroad, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Warroad in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 169 Days | +331.1% |
Summary: Homes in Warroad had an average of 169 days on market in Nov 2024, up by 331.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Warroad has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Warroad; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
