Is Aitkin County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Aitkin County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $159.5K | -3.3% |
2 Bedrooms | $235K | $238.5K | +1.5% |
3 Bedrooms | $285K | $294.4K | +3.3% |
4 Bedrooms | $333.9K | $350K | +4.8% |
5+ Bedrooms | $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 | $245K | $260K | +6.1% |
Crow Wing County | $335K | $345.8K | +3.2% |
Aitkin County | $265.6K | $267K | 0.5% |
Cass County | $333.7K | $324.9K | -2.6% |
Housing Supply in Aitkin County, MN
How many homes are available in Aitkin County, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
62 | 68 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 28 | 29 | +3.6% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 3 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 6 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 58 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
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.