Is Bemidji Township, 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, Bemidji Township has remained a Seller's Market.
Key Takeaway
Bemidji Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bemidji Township, MN
How much do homes in Bemidji Township, MN cost?
Median Sold Price
$268,966
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bemidji Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Bemidji Township was $268,966 in April 2024, up 2% 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 | $159.9K | $80K | -50.0% |
| 2 Bedrooms | $199.9K | $209.9K | +5.0% |
| 3 Bedrooms | $255.7K | $270K | +5.6% |
| 4 Bedrooms | $300K | $329.8K | +10.0% |
| 5+ Bedrooms | $374.9K | $320.5K | -14.5% |
Summary: Bemidji Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Northern Township | $299.9K | $319.4K | +6.5% |
| Bemidji | $255.7K | $268.9K | +5.2% |
| Bemidji Township | $263.5K | $268.9K | +2.0% |
| Grant Valley Township | $275K | $272.2K | -1.0% |
Housing Supply in Bemidji Township, MN
How many homes are available in Bemidji Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 153 | +15.9% |
Summary: The Bemidji Township real estate market had 153 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 25 | 35 | +40.0% |
| 3 Bedrooms | 66 | 69 | +4.5% |
| 4 Bedrooms | 23 | 32 | +39.1% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Bemidji Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bemidji Township, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Bemidji Township in April 2024, the same as the previous month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Bemidji Township, MN
How long does it take to sell a home in Bemidji Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 69 Days | -2.1% |
Summary: Homes in Bemidji Township had an average of 69 days on market in Apr 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bemidji Township has remained consistent over time.
Summary: During April 2024, 28 homes were sold in Bemidji Township; 36% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
