Is Mille Lacs County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mille Lacs County was a Seller's Market.
Housing Prices in Mille Lacs County, MN
How much do homes in Mille Lacs County, MN cost?
Median Sold Price
$296,083
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mille Lacs County was $296,083 in April 2024, down 2.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $107.4K | +6.3% |
2 Bedrooms | $254.9K | $249.9K | -2.0% |
3 Bedrooms | $303K | $300K | -1.0% |
4 Bedrooms | $385K | $340K | -11.7% |
5+ Bedrooms | $447K | $425K | -4.9% |
Summary: Mille Lacs County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Counties
Morrison County | $235.7K | $251.2K | +6.6% |
Isanti County | $312.6K | $315K | +0.7% |
Sherburne County | $360K | $360.8K | 0.2% |
Kanabec County | $250K | $250K | 0.0% |
Mille Lacs County | $305K | $296K | -2.9% |
Housing Supply in Mille Lacs County, MN
How many homes are available in Mille Lacs County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 154 | +51.0% |
Summary: The Mille Lacs County real estate market had 154 homes for sale in April 2024, a 51.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 16 | 29 | +81.3% |
3 Bedrooms | 52 | 78 | +50.0% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Mille Lacs County 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 81.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Mille Lacs County in April 2024, the same as the previous month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Mille Lacs County, MN
How long does it take to sell a home in Mille Lacs County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 64 Days | -11.1% |
Summary: Homes in Mille Lacs County had an average of 64 days on market in Apr 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Mille Lacs County; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.