Is Beltrami 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, Beltrami County has remained a Seller's Market.
Housing Prices in Beltrami County, MN
How much do homes in Beltrami County, MN cost?
Median Sold Price
$261,041
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beltrami County was $261,041 in April 2024, up 4.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129.9K | $79.9K | -38.5% |
2 Bedrooms | $179K | $209K | +16.8% |
3 Bedrooms | $250K | $269.9K | +8.0% |
4 Bedrooms | $300K | $329.8K | +10.0% |
5+ Bedrooms | $407K | $320.5K | -21.3% |
Summary: Beltrami County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Counties
Hubbard County | $266K | $322.9K | +21.4% |
Beltrami County | $250K | $261K | +4.4% |
Itasca County | $235K | $243.4K | +3.6% |
Clearwater County | $179.9K | $180K | 0.0% |
Housing Supply in Beltrami County, MN
How many homes are available in Beltrami County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
155 | 185 | +19.4% |
Summary: The Beltrami County real estate market had 185 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 29 | 43 | +48.3% |
3 Bedrooms | 78 | 83 | +6.4% |
4 Bedrooms | 28 | 38 | +35.7% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Beltrami County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 48.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Beltrami County in April 2024, up by 16.7% month-over-month. Of the 35 sold homes, 46% were sold under asking, 26% were sold at asking, and 29% were sold over asking.
Days on Market for Beltrami County, MN
How long does it take to sell a home in Beltrami County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 69 Days | -1.9% |
Summary: Homes in Beltrami County had an average of 69 days on market in Apr 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Beltrami County; 29% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.