Is Northeast Itasca, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northeast Itasca has remained a Seller's Market.
Key Takeaway
Northeast Itasca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Itasca, MN
How much do homes in Northeast Itasca, MN cost?
Median Sold Price
$456,000
$229/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Northeast Itasca have sold for 90% more than they did a month ago.
Summary: The median home sold price in Northeast Itasca was $456,000 in April 2024, up 90% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | - | N/A |
| 3 Bedrooms | $370K | $247K | -33.2% |
| 4 Bedrooms | - | $665K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Northeast Itasca housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 33.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Northeast Itasca, MN
How many homes are available in Northeast Itasca, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Northeast Itasca real estate market had 11 homes for sale in April 2024, a 37.5% increase 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northeast Itasca 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Itasca, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Northeast Itasca in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Northeast Itasca, MN
How long does it take to sell a home in Northeast Itasca, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 106 Days | +42.0% |
Summary: Homes in Northeast Itasca had an average of 106 days on market in Apr 2024, up by 42% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Itasca are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Northeast Itasca; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
