The summer market is heating up, and while we’re seeing some interesting shifts in pricing and inventory, the Bemidji area remains active with strong demand. Here’s what happened in June 2025:
🔍 Key Market Stats
- Median Sold Price: $290,000
- Average Price per Sqft: $227
- Median Days on Market: 21
- Months Supply of Inventory: 3.27
- Sold to List Price Ratio: 100.17%
- Number of Properties Sold: 37
📉 What the Numbers Mean
We saw a slight decrease in median home prices from the previous month, which could be a reflection of seasonal fluctuations or a shift in buyer preferences toward more modest homes. However, the sold-to-list price ratio stayed strong at just over 100%, meaning homes are still selling close to (or even above) asking price — a clear sign that buyer demand is holding steady.
The average price per square foot jumped to $227, a notable increase that suggests buyers are still willing to pay for quality and desirable features. Homes are also selling quickly, with a median of just 21 days on market.
Inventory remains tight with just 3.27 months of supply, keeping us in a seller-favored market — though slightly more balanced than earlier this year.
🏠 What This Means for You
If you’re a homeowner thinking about selling, now is still a great time to list. While prices are leveling off slightly, demand remains strong and well-marketed homes are moving quickly.
If you're looking to buy, you may see less competition than earlier in the year, especially with more homes expected to hit the market throughout the summer. However, it’s still important to be prepared, as well-priced homes continue to sell fast.
👋 Let’s Talk Strategy
Every situation is different, and whether you're looking to buy, sell, or just get a better understanding of your home’s current value, we’re here to help.
📞 Contact our team today to start the conversation:
- Tyler: 218-308-1230
- Steph: 218-766-6214
- Jolene: 218-556-0418
- Steve: 218-766-9126