Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | 2 | 2 | 2 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 0 | 2 | 2 | 3 |
Acreage buckets
The median price for land in Northome, Minnesota is currently $2K per acre. For a typical parcel, the median sale price is $183K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $151K while premium lots reached $253K.
Northome, Minnesota is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Northome, Minnesota currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 4 active listings in Northome, Minnesota. The median asking price is $80K.
The 3-month absorption rate in Northome, Minnesota is 16.7%. The 12-month rate is 6.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Northome, Minnesota saw 3 properties sold, totaling $596K in sales volume. In just the last 3 months, 2 properties changed hands.
The current absorption rate in Northome, Minnesota is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is Realty Experts, LLC.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
