Is Clear Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Clear Lake was a Buyer's Market.
Housing Prices in Clear Lake, MN
How much do homes in Clear Lake, MN cost?
Median Sold Price
$376,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Clear Lake was $376,500 in April 2024, up 0.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $399.9K | +50.3% |
2 Bedrooms | $350K | $279.9K | -20.0% |
3 Bedrooms | $355K | $357.4K | +0.7% |
4 Bedrooms | $426K | $455K | +6.8% |
5+ Bedrooms | $700K | $422.5K | -39.6% |
Summary: Clear Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 39.6%.
Median Sold Price Compared To Nearby Cities
Clear Lake | $375K | $376.5K | 0.4% |
Clear Lake Township | $379.5K | $376.5K | -0.8% |
Housing Supply in Clear Lake, MN
How many homes are available in Clear Lake, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Summary: The Clear Lake real estate market had 27 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Clear Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Clear Lake in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Clear Lake, MN
How long does it take to sell a home in Clear Lake, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
93 Days | 32 Days | -65.3% |
Summary: Homes in Clear Lake had an average of 32 days on market in Apr 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Clear Lake; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.