Is Hubbard 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, Hubbard County has remained a Seller's Market.
Key Takeaway
Hubbard County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hubbard County, MN
How much do homes in Hubbard County, MN cost?
Median Sold Price
$320,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hubbard County have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Hubbard County was $320,000 in March 2024, up 20.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.5K | $234.4K | +57.9% |
| 2 Bedrooms | $242.5K | $247.1K | +1.9% |
| 3 Bedrooms | $267.5K | $329.5K | +23.2% |
| 4 Bedrooms | $332.5K | $401K | +20.6% |
| 5+ Bedrooms | $370.5K | $410K | +10.7% |
Summary: Hubbard County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Counties
| Hubbard County | $265K | $320K | +20.8% |
| Wadena County | $180K | $189.5K | +5.3% |
| Cass County | $328.1K | $322K | -1.9% |
| Clearwater County | $191.2K | $172K | -10.0% |
| Becker County | $356.4K | $315.5K | -11.5% |
Housing Supply in Hubbard County, MN
How many homes are available in Hubbard County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 115 | +30.7% |
Summary: The Hubbard County real estate market had 115 homes for sale in March 2024, a 30.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 19 | 28 | +47.4% |
| 3 Bedrooms | 39 | 51 | +30.8% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Hubbard County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 22 | +340.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hubbard County, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Hubbard County in March 2024, up by 340.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 14% were sold at asking, and 33% were sold over asking.
Days on Market for Hubbard County, MN
How long does it take to sell a home in Hubbard County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 50 Days | -4.4% |
Summary: Homes in Hubbard County had an average of 50 days on market in Mar 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hubbard County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Hubbard County; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
