Is Beltrami County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Beltrami County has remained a Seller's Market.
Key Takeaway
Beltrami County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beltrami County, MN
How much do homes in Beltrami County, MN cost?
Median Sold Price
$261,041
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Beltrami County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Beltrami County was $261,041 in April 2024, up 4.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $79.9K | -38.5% |
| 2 Bedrooms | $179K | $209K | +16.8% |
| 3 Bedrooms | $250K | $269.9K | +8.0% |
| 4 Bedrooms | $300K | $329.8K | +10.0% |
| 5+ Bedrooms | $407K | $320.5K | -21.3% |
Summary: Beltrami County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Counties
| Hubbard County | $266K | $322.9K | +21.4% |
| Beltrami County | $250K | $261K | +4.4% |
| Itasca County | $235K | $243.4K | +3.6% |
| Clearwater County | $179.9K | $180K | 0.0% |
Housing Supply in Beltrami County, MN
How many homes are available in Beltrami County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 185 | +19.4% |
Summary: The Beltrami County real estate market had 185 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 29 | 43 | +48.3% |
| 3 Bedrooms | 78 | 83 | +6.4% |
| 4 Bedrooms | 28 | 38 | +35.7% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Beltrami County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 48.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beltrami County, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Beltrami County in April 2024, up by 16.7% month-over-month. Of the 35 sold homes, 46% were sold under asking, 26% were sold at asking, and 29% were sold over asking.
Days on Market for Beltrami County, MN
How long does it take to sell a home in Beltrami County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 69 Days | -1.9% |
Summary: Homes in Beltrami County had an average of 69 days on market in Apr 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Beltrami County has remained consistent over time.
Summary: During April 2024, 35 homes were sold in Beltrami County; 29% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
