Is Grand Marais, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Grand Marais was a Buyer's Market.
Key Takeaway
Grand Marais is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Marais, MN
How much do homes in Grand Marais, MN cost?
Median Sold Price
$500,000
$208/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Grand Marais have sold for 37% more than they did a month ago.
Summary: The median home sold price in Grand Marais was $500,000 in April 2024, up 37% from last month, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | - | N/A |
| 3 Bedrooms | - | $500K | N/A |
| 4 Bedrooms | - | $472.5K | N/A |
| 5+ Bedrooms | - | $750K | N/A |
Summary: Grand Marais housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Grand Marais, MN
How many homes are available in Grand Marais, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Grand Marais real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Grand Marais housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Marais, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Grand Marais in April 2024, up by 600.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Grand Marais, MN
How long does it take to sell a home in Grand Marais, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 84 Days | +839.7% |
Summary: Homes in Grand Marais had an average of 84 days on market in Apr 2024, up by 839.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Marais are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Grand Marais; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.