Is Aitkin County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Aitkin County has remained a Seller's Market.
Housing Prices in Aitkin County, MN
How much do homes in Aitkin County, MN cost?
Median Sold Price
$263,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Aitkin County was $263,500 in April 2024, up 0.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | $162.5K | +9.8% |
2 Bedrooms | $221.5K | $240K | +8.4% |
3 Bedrooms | $290K | $286.2K | -1.3% |
4 Bedrooms | $329K | $350K | +6.4% |
5+ Bedrooms | $677.5K | $337.5K | -50.2% |
Summary: Aitkin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 50.2%.
Median Sold Price Compared To Nearby Counties
Crow Wing County | $337.7K | $350K | +3.6% |
Aitkin County | $262.4K | $263.5K | 0.4% |
Kanabec County | $250K | $250K | 0.0% |
Cass County | $333.7K | $324.9K | -2.6% |
Housing Supply in Aitkin County, MN
How many homes are available in Aitkin County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 106 | +41.3% |
Summary: The Aitkin County real estate market had 106 homes for sale in April 2024, a 41.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 11 | +120.0% |
2 Bedrooms | 26 | 33 | +26.9% |
3 Bedrooms | 30 | 41 | +36.7% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Aitkin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 120%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 36.7%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Aitkin County in April 2024, down by 5.3% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Aitkin County, MN
How long does it take to sell a home in Aitkin County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 56 Days | -3.0% |
Summary: Homes in Aitkin County had an average of 56 days on market in Apr 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Aitkin County; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.