Is Crow Wing 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, Crow Wing County has remained a Seller's Market.
Key Takeaway
Crow Wing County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crow Wing County, MN
How much do homes in Crow Wing County, MN cost?
Median Sold Price
$349,460
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Crow Wing County have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Crow Wing County was $349,460 in March 2024, up 4.9% 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 | $169.9K | $179.9K | +5.9% |
| 2 Bedrooms | $239.2K | $260.5K | +8.9% |
| 3 Bedrooms | $335.6K | $330K | -1.7% |
| 4 Bedrooms | $399.5K | $421.6K | +5.5% |
| 5+ Bedrooms | $555K | $545K | -1.8% |
Summary: Crow Wing County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
| Morrison County | $237.9K | $249.9K | +5.1% |
| Crow Wing County | $333.2K | $349.4K | +4.9% |
| Aitkin County | $265K | $268K | +1.1% |
| Cass County | $328.1K | $322K | -1.9% |
| Mille Lacs County | $315K | $292.5K | -7.1% |
Housing Supply in Crow Wing County, MN
How many homes are available in Crow Wing County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 343 | 415 | +21.0% |
Summary: The Crow Wing County real estate market had 415 homes for sale in March 2024, a 21.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 15 | +50.0% |
| 2 Bedrooms | 66 | 81 | +22.7% |
| 3 Bedrooms | 136 | 165 | +21.3% |
| 4 Bedrooms | 86 | 101 | +17.4% |
| 5+ Bedrooms | 45 | 53 | +17.8% |
Summary: The Crow Wing 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 22.7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 17.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 75 | +66.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crow Wing County, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Crow Wing County in March 2024, up by 66.7% month-over-month. Of the 75 sold homes, 47% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Crow Wing County, MN
How long does it take to sell a home in Crow Wing County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 51 Days | -6.2% |
Summary: Homes in Crow Wing County had an average of 51 days on market in Mar 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crow Wing County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in Crow Wing County; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
