Is Grant County, 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, Grant County has remained a Seller's Market.
Housing Prices in Grant County, MN
How much do homes in Grant County, MN cost?
Median Sold Price
$178,950
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grant County was $178,950 in May 2024, up 26.9% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | - | N/A |
2 Bedrooms | $139.9K | $113.4K | -19.0% |
3 Bedrooms | $125K | $185K | +48.0% |
4 Bedrooms | $189.9K | $209.9K | +10.5% |
5+ Bedrooms | $152.5K | $324K | +112.5% |
Summary: Grant County 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 decreased by 19%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 112.5%.
Median Sold Price Compared To Nearby Counties
Grant County | $141K | $178.9K | +26.9% |
Douglas County | $285.2K | $339.5K | +19.1% |
Stevens County | $159.9K | $187K | +16.9% |
Otter Tail County | $245.6K | $284.9K | +16.0% |
Traverse County | $84K | $95.7K | +14.0% |
Housing Supply in Grant County, MN
How many homes are available in Grant County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 40 | +21.2% |
Summary: The Grant County real estate market had 40 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Grant County 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 30.8%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Grant County in May 2024, up by 120.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Grant County, MN
How long does it take to sell a home in Grant County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 40 Days | +101.4% |
Summary: Homes in Grant County had an average of 40 days on market in May 2024, up by 101.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Grant County; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.