Is Clay County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Clay County has remained a Seller's Market.
Housing Prices in Clay County, MN
How much do homes in Clay County, MN cost?
Median Sold Price
$260,076
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Clay County was $260,076 in April 2024, up 4.2% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.7K | $125K | -28.5% |
2 Bedrooms | $173K | $186.7K | +7.9% |
3 Bedrooms | $228.5K | $236.8K | +3.6% |
4 Bedrooms | $298.6K | $299.9K | 0.4% |
5+ Bedrooms | $366K | $360K | -1.6% |
Summary: Clay County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.5%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Counties
Norman County | $118.5K | $160K | +35.0% |
Richland County | $206.2K | $218.5K | +5.9% |
Clay County | $249.5K | $260K | +4.2% |
Cass County | $299.9K | $304.2K | +1.4% |
Wilkin County | $158K | $147.5K | -6.6% |
Housing Supply in Clay County, MN
How many homes are available in Clay County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
310 | 385 | +24.2% |
Summary: The Clay County real estate market had 385 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 3 | -50.0% |
2 Bedrooms | 47 | 59 | +25.5% |
3 Bedrooms | 107 | 138 | +29.0% |
4 Bedrooms | 103 | 134 | +30.1% |
5+ Bedrooms | 47 | 51 | +8.5% |
Summary: The Clay County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 68 | +23.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Clay County in April 2024, up by 23.6% month-over-month. Of the 68 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for Clay County, MN
How long does it take to sell a home in Clay County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 50 Days | +3.8% |
Summary: Homes in Clay County had an average of 50 days on market in Apr 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 68 homes were sold in Clay County; 6% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.