Is Roseau County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Roseau County was a Neutral Market.
Housing Prices in Roseau County, MN
How much do homes in Roseau County, MN cost?
Median Sold Price
$205,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Roseau County was $205,000 in May 2024, up 10.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | - | N/A |
2 Bedrooms | $123.5K | $167K | +35.1% |
3 Bedrooms | $179.5K | $184.5K | +2.8% |
4 Bedrooms | $245K | $254.9K | +4.1% |
5+ Bedrooms | $370K | $284.2K | -23.2% |
Summary: Roseau County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Counties
Roseau County | $185K | $205K | +10.8% |
Beltrami County | $254.7K | $259.9K | +2.0% |
Lake of the Woods County | $208.7K | $187.5K | -10.2% |
Housing Supply in Roseau County, MN
How many homes are available in Roseau County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 91 | +16.7% |
Summary: The Roseau County real estate market had 91 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Roseau County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Roseau County in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Roseau County, MN
How long does it take to sell a home in Roseau County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 41 Days | -46.8% |
Summary: Homes in Roseau County had an average of 41 days on market in May 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Roseau County; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.