Is Chisago 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, Chisago County has remained a Seller's Market.
Key Takeaway
Chisago County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chisago County, MN
How much do homes in Chisago County, MN cost?
Median Sold Price
$354,503
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chisago County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Chisago County was $354,503 in March 2024, up 1.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196K | $270K | +37.8% |
| 2 Bedrooms | $299.9K | $310K | +3.4% |
| 3 Bedrooms | $344.5K | $346.4K | +0.6% |
| 4 Bedrooms | $399K | $405K | +1.5% |
| 5+ Bedrooms | $430K | $480K | +11.6% |
Summary: Chisago County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Counties
| Polk County | $274.5K | $300K | +9.3% |
| Chisago County | $349.8K | $354.5K | +1.3% |
| Isanti County | $312K | $315.9K | +1.2% |
| Washington County | $414.8K | $410K | -1.2% |
| Burnett County | $279.5K | $270K | -3.4% |
Housing Supply in Chisago County, MN
How many homes are available in Chisago County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 206 | 259 | +25.7% |
Summary: The Chisago County real estate market had 259 homes for sale in March 2024, a 25.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 52 | 54 | +3.8% |
| 3 Bedrooms | 98 | 116 | +18.4% |
| 4 Bedrooms | 50 | 66 | +32.0% |
| 5+ Bedrooms | 6 | 22 | +266.7% |
Summary: The Chisago County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 266.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 52 | +23.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chisago County, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Chisago County in March 2024, up by 23.8% month-over-month. Of the 52 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.
Days on Market for Chisago County, MN
How long does it take to sell a home in Chisago County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +15.4% |
Summary: Homes in Chisago County had an average of 44 days on market in Mar 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chisago County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 52 homes were sold in Chisago County; 52% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
