Is Osakis, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Osakis was a Seller's Market.
Key Takeaway
Osakis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Osakis, MN
How much do homes in Osakis, MN cost?
Median Sold Price
$261,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Osakis have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Osakis was $261,000 in March 2024, up 6.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $143K | +120.0% |
| 2 Bedrooms | $162.6K | $167.5K | +3.0% |
| 3 Bedrooms | $257.5K | $315K | +22.3% |
| 4 Bedrooms | $281.5K | $340K | +20.8% |
| 5+ Bedrooms | $250K | $472.5K | +89.0% |
Summary: Osakis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 89%.
Median Sold Price Compared To Nearby Cities
| Osakis | $245K | $261K | +6.5% |
| Osakis | $247.5K | $261K | +5.5% |
| Osakis Township | $250K | $261K | +4.4% |
Housing Supply in Osakis, MN
How many homes are available in Osakis, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Osakis real estate market had 14 homes for sale in March 2024, a 16.7% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Osakis 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 increased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Osakis, 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 Osakis in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Osakis, MN
How long does it take to sell a home in Osakis, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 129 Days | +98.2% |
Summary: Homes in Osakis had an average of 129 days on market in Mar 2024, up by 98.2% compared to last year.
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 Osakis are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Osakis; 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.
