Is Two Harbors, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Two Harbors has remained a Seller's Market.
Key Takeaway
Two Harbors is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Two Harbors, MN
How much do homes in Two Harbors, MN cost?
Median Sold Price
$299,900
$167/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Two Harbors have sold for 23% more than they did a month ago.
Summary: The median home sold price in Two Harbors was $299,900 in April 2024, up 23% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $57K | $188K | +229.8% |
| 3 Bedrooms | $243.7K | $410K | +68.2% |
| 4 Bedrooms | - | $349.5K | N/A |
| 5+ Bedrooms | $520K | - | N/A |
Summary: Two Harbors housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 229.8%, 3 bedroom homes increased by 68.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Silver Creek Township | $57K | $420K | +636.8% |
| Two Harbors | $243.7K | $299.9K | +23.0% |
| Lake No. 2 | $520K | $502.5K | -3.4% |
Housing Supply in Two Harbors, MN
How many homes are available in Two Harbors, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Summary: The Two Harbors real estate market had 33 homes for sale in April 2024, a 43.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 11 | 18 | +63.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Two Harbors housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Two Harbors, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Two Harbors in April 2024, up by 33.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Two Harbors, MN
How long does it take to sell a home in Two Harbors, MN?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 61 Days | -25.0% |
Summary: Homes in Two Harbors had an average of 61 days on market in Apr 2024, down by 25% compared to last month.
Breakdown of Home Sale Times
5 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 Two Harbors are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Two Harbors; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
