Is Kanabec 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, Kanabec County was a Seller's Market.
Housing Prices in Kanabec County, MN
How much do homes in Kanabec County, MN cost?
Median Sold Price
$250,000
$159/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Kanabec County was $250,000 in April 2024, the same as last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $171K | -10.0% |
2 Bedrooms | $225.5K | $242.4K | +7.5% |
3 Bedrooms | $249.9K | $270K | +8.0% |
4 Bedrooms | $262.5K | $235K | -10.5% |
5+ Bedrooms | $400K | $430K | +7.5% |
Summary: Kanabec County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Counties
Pine County | $238K | $261.7K | +10.0% |
Isanti County | $312.6K | $315K | +0.7% |
Aitkin County | $262.4K | $263.5K | 0.4% |
Kanabec County | $250K | $250K | 0.0% |
Mille Lacs County | $305K | $296K | -2.9% |
Housing Supply in Kanabec County, MN
How many homes are available in Kanabec County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 51 | +37.8% |
Summary: The Kanabec County real estate market had 51 homes for sale in April 2024, a 37.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 12 | +200.0% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kanabec County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Kanabec County in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Kanabec County, MN
How long does it take to sell a home in Kanabec County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 24 Days | -50.3% |
Summary: Homes in Kanabec County had an average of 24 days on market in Apr 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Kanabec County; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.