Is Koochiching County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Koochiching County is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Koochiching County was a Seller's Market.

Key Takeaway

Koochiching 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 Koochiching County, MN

How much do homes in Koochiching County, MN cost?

Median Sold Price

$252,500

$126/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$43,500(+20.8%)

Key Takeaway

Homes in Koochiching County have sold for 20.8% more than they did a month ago.

Summary: The median home sold price in Koochiching County was $252,500 in April 2024, up 20.8% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $133.8K$130K
-2.9%
2 $256.5K$165K
-35.7%
3 $292.5K$290K
-0.9%
4 --
N/A
5+ -$345K
N/A

Summary: Koochiching County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Koochiching County, MN

How many homes are available in Koochiching County, MN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3639+8.3%

Summary: The Koochiching County real estate market had 39 homes for sale in April 2024, a 8.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 76
-14.3%
2 1010
0.0%
3 1114
+27.3%
4 45
+25.0%
5+ 44
0.0%

Summary: The Koochiching County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Koochiching County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Koochiching County in April 2024, down by 25.0% 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 Koochiching County, MN

How long does it take to sell a home in Koochiching County, MN?

Average Sale Time

Mar 2024Apr 2024CHANGE
112 Days125 Days+11.7%

Summary: Homes in Koochiching County had an average of 125 days on market in Apr 2024, up by 11.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Koochiching County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 6 homes were sold in Koochiching County; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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