Is Clearwater, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clearwater has remained a Seller's Market.
Key Takeaway
Clearwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clearwater, MN
How much do homes in Clearwater, MN cost?
Median Sold Price
$325,911
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clearwater have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Clearwater was $325,911 in May 2024, up 6.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278.5K | $310K | +11.3% |
| 3 Bedrooms | $295K | $322.5K | +9.3% |
| 4 Bedrooms | $305K | $355K | +16.4% |
| 5+ Bedrooms | $819.9K | $385K | -53.0% |
Summary: Clearwater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 53%.
Median Sold Price Compared To Nearby Cities
| Clearwater | $295K | $325K | +10.2% |
| Clearwater Township | $298.5K | $325K | +8.9% |
| Clearwater | $305K | $325.9K | +6.9% |
| Clear Lake Township | $379.7K | $365K | -3.9% |
Housing Supply in Clearwater, MN
How many homes are available in Clearwater, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Clearwater real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Clearwater housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Clearwater, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Clearwater in May 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Clearwater, MN
How long does it take to sell a home in Clearwater, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 56 Days | +59.9% |
Summary: Homes in Clearwater had an average of 56 days on market in May 2024, up by 59.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Clearwater has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Clearwater; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
