Is Nowthen, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nowthen has remained a Seller's Market.
Housing Prices in Nowthen, MN
How much do homes in Nowthen, MN cost?
Median Sold Price
$495,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nowthen was $495,000 in April 2024, up 16.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $384.9K | $626K | +62.6% |
3 Bedrooms | $384.9K | $372.5K | -3.2% |
4 Bedrooms | $487.5K | $550.5K | +12.9% |
5+ Bedrooms | $457.5K | $592.5K | +29.5% |
Summary: Nowthen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
Nowthen | $424.9K | $495K | +16.5% |
Saint Francis | $335K | $340K | +1.5% |
Ramsey | $374.9K | $379.3K | +1.2% |
Oak Grove | $480K | $460K | -4.2% |
Housing Supply in Nowthen, MN
How many homes are available in Nowthen, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Summary: The Nowthen real estate market had 8 homes for sale in April 2024, a 60.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Nowthen 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 remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Nowthen in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
111 Days | 182 Days | +63.5% |
Summary: Homes in Nowthen had an average of 182 days on market in Apr 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Nowthen; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.