Is Itasca County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Itasca County has remained a Seller's Market.
Key Takeaway
Itasca County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Itasca County, MN
How much do homes in Itasca County, MN cost?
Median Sold Price
$243,444
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Itasca County have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Itasca County was $243,444 in April 2024, up 3.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.4K | $147.5K | 0.0% |
| 2 Bedrooms | $189.9K | $208K | +9.5% |
| 3 Bedrooms | $230K | $235K | +2.2% |
| 4 Bedrooms | $286K | $305K | +6.6% |
| 5+ Bedrooms | $336.5K | $385K | +14.4% |
Summary: Itasca County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Counties
| Saint Louis County | $215.6K | $249.9K | +15.9% |
| Itasca County | $235K | $243.4K | +3.6% |
| Aitkin County | $262.4K | $263.5K | 0.4% |
| Cass County | $333.7K | $324.9K | -2.6% |
Housing Supply in Itasca County, MN
How many homes are available in Itasca County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 142 | 174 | +22.5% |
Summary: The Itasca County real estate market had 174 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 64 | 84 | +31.3% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Itasca County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 36 | +33.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Itasca County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Itasca County in April 2024, up by 33.3% month-over-month. Of the 36 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Itasca County, MN
How long does it take to sell a home in Itasca County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 56 Days | -1.0% |
Summary: Homes in Itasca County had an average of 56 days on market in Apr 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Itasca County has remained consistent over time.
Summary: During April 2024, 36 homes were sold in Itasca County; 36% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
