Is Braham, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Braham has remained a Seller's 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
$260,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Braham has remained the same since last year.
Summary: The median home sold price in Braham was $260,000 in March 2024, the same as last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $251K | +39.4% |
| 3 Bedrooms | $252.9K | $231K | -8.7% |
| 4 Bedrooms | $304K | $282K | -7.2% |
| 5+ Bedrooms | $270K | $290K | +7.4% |
Summary: Braham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.4%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Stanchfield Township | $375K | $389.9K | +4.0% |
| Braham | $259.9K | $260K | 0.0% |
Housing Supply in Braham, MN
How many homes are available in Braham, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Summary: The Braham real estate market had 8 homes for sale in March 2024, a 60.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Braham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Braham, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Braham in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 42 Days | +10.9% |
Summary: Homes in Braham had an average of 42 days on market in Mar 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 March 2024, 2 homes were sold in Braham; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
