Is Brainerd, 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, Brainerd has remained a Seller's Market.
Housing Prices in Brainerd, MN
How much do homes in Brainerd, MN cost?
Median Sold Price
$280,983
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brainerd was $280,983 in March 2024, up 6.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.4K | $127.4K | -11.2% |
2 Bedrooms | $200K | $230K | +15.0% |
3 Bedrooms | $250K | $265K | +6.0% |
4 Bedrooms | $315K | $365K | +15.9% |
5+ Bedrooms | $402.5K | $525K | +30.4% |
Summary: Brainerd housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
First Assessment | $345K | $372.5K | +8.0% |
Long Lake Township | $525.5K | $563.9K | +7.3% |
Brainerd | $264.7K | $280.9K | +6.1% |
Baxter | $326K | $342K | +4.9% |
Housing Supply in Brainerd, MN
How many homes are available in Brainerd, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 132 | +17.9% |
Summary: The Brainerd real estate market had 132 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 31 | 30 | -3.2% |
3 Bedrooms | 35 | 47 | +34.3% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Brainerd 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 decreased by 3.2%, 3 bedroom homes increased by 34.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 32 | +77.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Brainerd in March 2024, up by 77.8% month-over-month. Of the 32 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Brainerd, MN
How long does it take to sell a home in Brainerd, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 40 Days | +11.3% |
Summary: Homes in Brainerd had an average of 40 days on market in Mar 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in Brainerd; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.