Is Nowthen, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nowthen is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Nowthen has remained a Seller's Market.

Key Takeaway

Nowthen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Nowthen, MN

How much do homes in Nowthen, MN cost?

Median Sold Price

$564,900

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$149,900(+36.1%)

Key Takeaway

Homes in Nowthen have sold for 36.1% more than they did a year ago.

Summary: The median home sold price in Nowthen was $564,900 in September 2024, up 36.1% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $377.4K$505K
+33.8%
3 $379.9K$417.5K
+9.9%
4 $445.9K$610K
+36.8%
5+ $560.1K$658.9K
+17.6%

Summary: Nowthen housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

Nowthen
+36.1%
Saint Francis
+6.2%
Oak Grove
+5.5%
Ramsey
0.1%

Housing Supply in Nowthen, MN

How many homes are available in Nowthen, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1413-7.1%

Summary: The Nowthen real estate market had 13 homes for sale in September 2024, a 7.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 22
0.0%
4 55
0.0%
5+ 45
+25.0%

Summary: The Nowthen housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nowthen, 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 Nowthen in September 2024, down by 25.0% 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 Nowthen, MN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days14 Days-34.8%

Summary: Homes in Nowthen had an average of 14 days on market in Sep 2024, down by 34.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nowthen are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Nowthen; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Nowthen, MN

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