Is North Branch, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Branch has remained a Seller's Market.
Key Takeaway
North Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Branch, MN
How much do homes in North Branch, MN cost?
Median Sold Price
$337,900
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Branch have sold for 4% more than they did a year ago.
Summary: The median home sold price in North Branch was $337,900 in March 2024, up 4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $500K | N/A |
| 2 Bedrooms | $299.9K | $320.1K | +6.8% |
| 3 Bedrooms | $329.9K | $339.9K | +3.0% |
| 4 Bedrooms | $346.2K | $367K | +6.0% |
| 5+ Bedrooms | $378K | $415K | +9.8% |
Summary: North Branch housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| North Branch Township | $325K | $339K | +4.3% |
| North Branch | $325K | $337.9K | +4.0% |
| Sunrise Township | $475K | $407.3K | -14.2% |
Housing Supply in North Branch, MN
How many homes are available in North Branch, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 82 | +41.4% |
Summary: The North Branch real estate market had 82 homes for sale in March 2024, a 41.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 35 | 50 | +42.9% |
| 4 Bedrooms | 5 | 11 | +120.0% |
| 5+ Bedrooms | 1 | 6 | +500.0% |
Summary: The North Branch housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 120%, and 5+ bedroom homes increased by 500%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branch, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in North Branch in March 2024, up by 81.8% month-over-month. Of the 20 sold homes, 35% were sold under asking, 40% were sold at asking, and 25% were sold over asking.
Days on Market for North Branch, MN
How long does it take to sell a home in North Branch, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +44.6% |
Summary: Homes in North Branch had an average of 39 days on market in Mar 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Branch are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in North Branch; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
