Is Braham, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Braham was a Neutral Market.
Key Takeaway
Braham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Braham, MN
How much do homes in Braham, MN cost?
Median Sold Price
$249,450
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Braham have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Braham was $249,450 in April 2024, down 4.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.5K | $236K | +29.3% |
| 3 Bedrooms | $257.9K | $235.5K | -8.7% |
| 4 Bedrooms | $302K | $277K | -8.3% |
| 5+ Bedrooms | $270K | $290K | +7.4% |
Summary: Braham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Stanchfield Township | $376.5K | $375K | -0.4% |
| Braham | $261K | $249.4K | -4.4% |
Housing Supply in Braham, MN
How many homes are available in Braham, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Braham real estate market had 9 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Braham 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Braham, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Braham in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Braham, MN
How long does it take to sell a home in Braham, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 13 Days | -68.2% |
Summary: Homes in Braham had an average of 13 days on market in Apr 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Braham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Braham; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
