Is Aitkin County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aitkin County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Aitkin County was a Seller's Market.

Key Takeaway

Aitkin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Aitkin County, MN

How much do homes in Aitkin County, MN cost?

Median Sold Price

$267,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$1,333(+0.5%)

Key Takeaway

Homes in Aitkin County have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Aitkin County was $267,000 in February 2024, up 0.5% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $165K$159.5K
-3.3%
2 $235K$238.5K
+1.5%
3 $285K$294.4K
+3.3%
4 $333.9K$350K
+4.8%
5+ $507.5K$250K
-50.7%

Summary: Aitkin County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 50.7%.

Median Sold Price Compared To Nearby Counties

Carlton County
+6.1%
Crow Wing County
+3.2%
Aitkin County
0.5%
Cass County
-2.6%

Housing Supply in Aitkin County, MN

How many homes are available in Aitkin County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6268+9.7%

Summary: The Aitkin County real estate market had 68 homes for sale in February 2024, a 9.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 2123
+9.5%
3 2829
+3.6%
4 68
+33.3%
5+ 23
+50.0%

Summary: The Aitkin County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aitkin County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Aitkin County in February 2024, down by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Aitkin County, MN

How long does it take to sell a home in Aitkin County, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
42 Days58 Days+39.3%

Summary: Homes in Aitkin County had an average of 58 days on market in Feb 2024, up by 39.3% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Aitkin County has remained consistent over time.

Summary: During February 2024, 6 homes were sold in Aitkin County; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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