Is Roseau County, 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, Roseau County was a Neutral Market.
Key Takeaway
Roseau County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roseau County, MN
How much do homes in Roseau County, MN cost?
Median Sold Price
$202,925
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roseau County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Roseau County was $202,925 in March 2024, up 9.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $119.2K | $163.4K | +37.1% |
| 3 Bedrooms | $180K | $179.1K | -0.5% |
| 4 Bedrooms | $239.9K | $263.5K | +9.8% |
| 5+ Bedrooms | $351.9K | $284.2K | -19.2% |
Summary: Roseau County 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 37.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 19.2%.
Median Sold Price Compared To Nearby Counties
| Marshall County | $141K | $165K | +17.0% |
| Roseau County | $185K | $202.9K | +9.7% |
| Beltrami County | $255.2K | $256.6K | 0.5% |
| Lake of the Woods County | $208.7K | $195K | -6.6% |
Housing Supply in Roseau County, MN
How many homes are available in Roseau County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 78 | +9.9% |
Summary: The Roseau County real estate market had 78 homes for sale in March 2024, a 9.9% 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 | 6 | 15 | +150.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Roseau County 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 150%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Roseau County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Roseau County in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Roseau County, MN
How long does it take to sell a home in Roseau County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 58 Days | -11.1% |
Summary: Homes in Roseau County had an average of 58 days on market in Mar 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roseau County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Roseau County; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
