Is Clearwater 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, Clearwater County was a Buyer's Market.
Key Takeaway
Clearwater County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clearwater County, MN
How much do homes in Clearwater County, MN cost?
Median Sold Price
$185,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clearwater County have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Clearwater County was $185,000 in May 2024, up 2.8% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $153.9K | +9.9% |
| 2 Bedrooms | $95K | $115K | +21.1% |
| 3 Bedrooms | $232.4K | $172K | -26.0% |
| 4 Bedrooms | $179.9K | $284.9K | +58.4% |
| 5+ Bedrooms | $308K | $260K | -15.6% |
Summary: Clearwater County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 21.1%, 3 bedroom homes decreased by 26%, 4 bedroom homes increased by 58.4%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Counties
| Mahnomen County | $142K | $167.5K | +18.0% |
| Hubbard County | $267.8K | $312K | +16.5% |
| Clearwater County | $179.9K | $185K | +2.8% |
| Beltrami County | $254.7K | $259.9K | +2.0% |
| Becker County | $365.2K | $339.7K | -7.0% |
Housing Supply in Clearwater County, MN
How many homes are available in Clearwater County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Summary: The Clearwater County real estate market had 42 homes for sale in May 2024, a 10.5% 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 | 9 | 12 | +33.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Clearwater 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clearwater County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Clearwater County in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Clearwater County, MN
How long does it take to sell a home in Clearwater County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 122 Days | +2130.3% |
Summary: Homes in Clearwater County had an average of 122 days on market in May 2024, up by 2130.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Clearwater County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 9 homes were sold in Clearwater County; 22% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
