$5,926 Closing Credit*
$499,000
1,740 SqFt
2 Beds
•1 Full Bath
Listing Office: Century 21 Dickinson
Is Bemidji, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Bemidji was a Seller's Market.
Key Takeaway
Bemidji is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bemidji, MN
How much do homes in Bemidji, MN cost?
Median Sold Price
$280,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,266(+5.0%)
Key Takeaway
Homes in Bemidji have sold for 5% more than they did a year ago.
Summary: The median home sold price in Bemidji was $280,000 in September 2024, up 5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $69.9K | -60.6% |
| 2 Bedrooms | $216K | $220K | +1.9% |
| 3 Bedrooms | $249.9K | $283K | +13.2% |
| 4 Bedrooms | $337.4K | $309.8K | -8.2% |
| 5+ Bedrooms | $379K | $359K | -5.3% |
Summary: Bemidji housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Bemidji | $266.7K | $280K | +5.0% |
| Bemidji Township | $268.7K | $280K | +4.2% |
| Eckles Township | $285K | $295K | +3.5% |
| Northern Township | $313K | $312.8K | -0.1% |
Housing Supply in Bemidji, MN
How many homes are available in Bemidji, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 214 | 221 | +3.3% |
Summary: The Bemidji real estate market had 221 homes for sale in September 2024, a 3.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 57 | 65 | +14.0% |
| 3 Bedrooms | 81 | 82 | +1.2% |
| 4 Bedrooms | 46 | 43 | -6.5% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Bemidji housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 42 | 29 | -31.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bemidji, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Bemidji in September 2024, down by 31.0% month-over-month. Of the 29 sold homes, 62% were sold under asking, 10% were sold at asking, and 28% were sold over asking.
Days on Market for Bemidji, MN
How long does it take to sell a home in Bemidji, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 34 Days | 50 Days | +48.2% |
Summary: Homes in Bemidji had an average of 50 days on market in Sep 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bemidji has remained consistent over time.
Summary: During September 2024, 29 homes were sold in Bemidji; 34% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
