Is Crosslake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Crosslake was a Seller's Market.
Housing Prices in Crosslake, MN
How much do homes in Crosslake, MN cost?
Median Sold Price
$499,900
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Crosslake was $499,900 in April 2024, down 6.6% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $138.2K | +2.4% |
2 Bedrooms | $350K | $432.4K | +23.6% |
3 Bedrooms | $592.5K | $527.5K | -11.0% |
4 Bedrooms | $879.9K | $900K | +2.3% |
5+ Bedrooms | $1.1M | $1.5M | +41.1% |
Summary: Crosslake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 23.6%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 41.1%.
Median Sold Price Compared To Nearby Cities
Ideal Township | $742.5K | $875K | +17.8% |
Crosslake | $535K | $499.9K | -6.6% |
Housing Supply in Crosslake, MN
How many homes are available in Crosslake, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 43 | +13.2% |
Summary: The Crosslake real estate market had 43 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Crosslake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Crosslake in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Crosslake, MN
How long does it take to sell a home in Crosslake, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 43 Days | -44.9% |
Summary: Homes in Crosslake had an average of 43 days on market in Apr 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Crosslake; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.