Is Nashwauk, 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, Nashwauk was a Neutral Market.
Key Takeaway
Nashwauk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nashwauk, MN
How much do homes in Nashwauk, MN cost?
Median Sold Price
$225,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nashwauk have sold for 45.2% more than they did a year ago.
Summary: The median home sold price in Nashwauk was $225,000 in April 2024, up 45.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $119.5K | -17.6% |
| 2 Bedrooms | $97.7K | $177.2K | +81.4% |
| 3 Bedrooms | $176K | $273K | +55.1% |
| 4 Bedrooms | $285K | $159K | -44.2% |
| 5+ Bedrooms | $140K | - | N/A |
Summary: Nashwauk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 81.4%, 3 bedroom homes increased by 55.1%, 4 bedroom homes decreased by 44.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Nashwauk | $155K | $225K | +45.2% |
| Nashwauk Township | $155K | $225K | +45.2% |
Housing Supply in Nashwauk, MN
How many homes are available in Nashwauk, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Nashwauk real estate market had 12 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nashwauk 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 decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nashwauk, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Nashwauk in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Nashwauk, MN
How long does it take to sell a home in Nashwauk, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 96 Days | +588.1% |
Summary: Homes in Nashwauk had an average of 96 days on market in Apr 2024, up by 588.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nashwauk has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Nashwauk; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
