Is Norman 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, Norman County was a Seller's Market.
Housing Prices in Norman County, MN
How much do homes in Norman County, MN cost?
Median Sold Price
$160,000
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norman County was $160,000 in April 2024, up 35% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $90K | +136.8% |
2 Bedrooms | $105K | $129.9K | +23.7% |
3 Bedrooms | $165K | $160K | -3.0% |
4 Bedrooms | $143K | $158K | +10.5% |
5+ Bedrooms | $284.9K | $320K | +12.3% |
Summary: Norman County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.8%, 2 bedroom homes increased by 23.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Counties
Norman County | $118.5K | $160K | +35.0% |
Clay County | $249.5K | $260K | +4.2% |
Cass County | $299.9K | $304.2K | +1.4% |
Housing Supply in Norman County, MN
How many homes are available in Norman County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Norman County real estate market had 20 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 10 | 7 | -30.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Norman County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Norman County in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Norman County, MN
How long does it take to sell a home in Norman County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
141 Days | 14 Days | -90.1% |
Summary: Homes in Norman County had an average of 14 days on market in Apr 2024, down by 90.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Norman County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.