Is Roseau County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Roseau County was a Neutral Market.
Key Takeaway
Roseau County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roseau County, MN
How much do homes in Roseau County, MN cost?
Median Sold Price
$205,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Roseau County have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Roseau County was $205,000 in May 2024, up 10.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $123.5K | $167K | +35.1% |
| 3 Bedrooms | $179.5K | $184.5K | +2.8% |
| 4 Bedrooms | $245K | $254.9K | +4.1% |
| 5+ Bedrooms | $370K | $284.2K | -23.2% |
Summary: Roseau 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 increased by 35.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Counties
| Roseau County | $185K | $205K | +10.8% |
| Beltrami County | $254.7K | $259.9K | +2.0% |
| Lake of the Woods County | $208.7K | $187.5K | -10.2% |
Housing Supply in Roseau County, MN
How many homes are available in Roseau County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 91 | +16.7% |
Summary: The Roseau County real estate market had 91 homes for sale in May 2024, a 16.7% 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 | 14 | 17 | +21.4% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Roseau 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 21.4%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 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 Roseau County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Roseau County in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Roseau County, MN
How long does it take to sell a home in Roseau County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 41 Days | -46.8% |
Summary: Homes in Roseau County had an average of 41 days on market in May 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Roseau County has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Roseau County; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
