Is Carlton County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Carlton County has remained a Seller's Market.
Key Takeaway
Carlton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carlton County, MN
How much do homes in Carlton County, MN cost?
Median Sold Price
$290,000
$180/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Carlton County have sold for 14.6% more than they did a month ago.
Summary: The median home sold price in Carlton County was $290,000 in March 2024, up 14.6% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $325K | $275K | -15.4% |
| 3 Bedrooms | $225K | $295K | +31.1% |
| 4 Bedrooms | $352.5K | $279K | -20.9% |
| 5+ Bedrooms | - | $450K | N/A |
Summary: Carlton County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 31.1%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes did not change.
Housing Supply in Carlton County, MN
How many homes are available in Carlton County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 113 | +21.5% |
Summary: The Carlton County real estate market had 113 homes for sale in March 2024, a 21.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 44 | 47 | +6.8% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Carlton County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carlton County, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Carlton County in March 2024, up by 38.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 10% were sold at asking, and 41% were sold over asking.
Days on Market for Carlton County, MN
How long does it take to sell a home in Carlton County, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 42 Days | -27.1% |
Summary: Homes in Carlton County had an average of 42 days on market in Mar 2024, down by 27.1% compared to last month.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carlton County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Carlton County; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
