Is Cass County, 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, Cass County has remained a Seller's Market.
Housing Prices in Cass County, MN
How much do homes in Cass County, MN cost?
Median Sold Price
$322,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cass County was $322,000 in March 2024, down 1.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $151.3K | -22.4% |
2 Bedrooms | $280K | $275K | -1.8% |
3 Bedrooms | $357K | $355K | -0.6% |
4 Bedrooms | $439.9K | $369.9K | -15.9% |
5+ Bedrooms | $548.1K | $507.5K | -7.4% |
Summary: Cass County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Counties
Hubbard County | $265K | $320K | +20.8% |
Itasca County | $234.5K | $247.5K | +5.5% |
Crow Wing County | $333.2K | $349.4K | +4.9% |
Aitkin County | $265K | $268K | +1.1% |
Cass County | $328.1K | $322K | -1.9% |
Housing Supply in Cass County, MN
How many homes are available in Cass County, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 146 | +15.0% |
Summary: The Cass County real estate market had 146 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 31 | 40 | +29.0% |
3 Bedrooms | 68 | 73 | +7.4% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Cass County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 25 | +47.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Cass County in March 2024, up by 47.1% month-over-month. Of the 25 sold homes, 60% were sold under asking, 16% were sold at asking, and 24% were sold over asking.
Days on Market for Cass County, MN
How long does it take to sell a home in Cass County, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 64 Days | -9.7% |
Summary: Homes in Cass County had an average of 64 days on market in Mar 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Cass County; 44% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.