Is Sauk Rapids, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sauk Rapids has remained a Seller's Market.
Key Takeaway
Sauk Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sauk Rapids, MN
How much do homes in Sauk Rapids, MN cost?
Median Sold Price
$283,250
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sauk Rapids have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Sauk Rapids was $283,250 in March 2024, up 6.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | - | N/A |
| 2 Bedrooms | $197.9K | $250K | +26.3% |
| 3 Bedrooms | $255K | $280K | +9.8% |
| 4 Bedrooms | $273.5K | $295K | +7.9% |
| 5+ Bedrooms | $343.9K | $331K | -3.8% |
Summary: Sauk Rapids 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 26.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Sauk Rapids | $265K | $283.2K | +6.9% |
| Sauk Rapids Township | $267K | $283.2K | +6.1% |
| Saint Cloud | $226.6K | $235K | +3.7% |
| Sartell | $316.5K | $325K | +2.7% |
Housing Supply in Sauk Rapids, MN
How many homes are available in Sauk Rapids, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 46 | +39.4% |
Summary: The Sauk Rapids real estate market had 46 homes for sale in March 2024, a 39.4% 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 | 5 | -16.7% |
| 3 Bedrooms | 9 | 17 | +88.9% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Sauk Rapids 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 decreased by 16.7%, 3 bedroom homes increased by 88.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sauk Rapids, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Sauk Rapids in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Sauk Rapids, MN
How long does it take to sell a home in Sauk Rapids, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 33 Days | -41.8% |
Summary: Homes in Sauk Rapids had an average of 33 days on market in Mar 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sauk Rapids are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Sauk Rapids; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
