Is Bemidji, MN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Bemidji is a seller's market


Difference Since August 2022

Since last year, Bemidji has remained a Seller's Market.

Key Takeaway

Bemidji is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Bemidji, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Bemidji have sold for 9% more than they did a year ago.

Summary: The median home sold price in Bemidji was $239,900 in August 2023, up 9% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $75K$156K
2 $164.5K$206.4K
3 $220K$239K
4 $265.9K$309K
5+ $285K$337.5K

Summary: Bemidji housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 108%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Cities

Frohn Township
Northern Township
Bemidji Township
Eckles Township

Housing Supply

How many homes are available in Bemidji, MN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Bemidji real estate market had 220 homes for sale in August 2023, a 11.7% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 53
2 3846
3 93107
4 4447
5+ 1717

Summary: The Bemidji housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bemidji, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Bemidji in August 2023, up by 14.3% month-over-month. Of the 47 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
16 Days31 Days+96.1%

Summary: Homes in Bemidji had an average of 31 days on market in Aug 2023, up by 96.1% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bemidji are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 48 homes were sold in Bemidji; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% 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 25 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Bemidji, MN?