Is Douglas County, 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, Douglas County was a Seller's Market.
Key Takeaway
Douglas County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Douglas County, MN
How much do homes in Douglas County, MN cost?
Median Sold Price
$344,625
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Douglas County have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Douglas County was $344,625 in April 2024, up 22.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $84K | -31.1% |
| 2 Bedrooms | $215K | $280K | +30.2% |
| 3 Bedrooms | $265K | $329.5K | +24.3% |
| 4 Bedrooms | $340K | $367.4K | +8.1% |
| 5+ Bedrooms | $557.5K | $511K | -8.3% |
Summary: Douglas County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Counties
| Douglas County | $280.5K | $344.6K | +22.9% |
| Grant County | $150K | $178.9K | +19.3% |
| Otter Tail County | $250.1K | $280.3K | +12.1% |
| Pope County | $223.5K | $244.5K | +9.4% |
| Todd County | $196K | $200K | +2.0% |
Housing Supply in Douglas County, MN
How many homes are available in Douglas County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 166 | 223 | +34.3% |
Summary: The Douglas County real estate market had 223 homes for sale in April 2024, a 34.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 39 | 58 | +48.7% |
| 3 Bedrooms | 56 | 70 | +25.0% |
| 4 Bedrooms | 38 | 51 | +34.2% |
| 5+ Bedrooms | 29 | 39 | +34.5% |
Summary: The Douglas County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 48.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 34.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 37 | +105.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglas County, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Douglas County in April 2024, up by 105.6% month-over-month. Of the 37 sold homes, 57% were sold under asking, 14% were sold at asking, and 30% were sold over asking.
Days on Market for Douglas County, MN
How long does it take to sell a home in Douglas County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 31 Days | -47.1% |
Summary: Homes in Douglas County had an average of 31 days on market in Apr 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglas County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Douglas County; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
