Karlstad, MN Foreclosures
Current Market Conditions in in Karlstad, MN As of February 2026?
In the past month, the real estate market in Karlstad has remained competitive, with home sales reflecting a slight increase in prices. Buyers continue to appreciate the affordable housing compared to more urban areas, leading to quick turnover for listed properties. Though the inventory remains low, potential sellers are encouraged about the market’s performance.
How much do homes sell for in Karlstad, MN?
The average home price is currently $154,872.
What’s the average rental cost in Karlstad, MN?
The average rental price in Karlstad is $1,037.
What is the most expensive home in Karlstad?
The most expensive home sold in Karlstad had a price of $692,015.
What is currently the cheapest priced home in Karlstad, MN?
The cheapest home for sale in Karlstad is priced at $39,100.
Living in Karlstad, MN
Karlstad is a small, close-knit community located in Northwest Minnesota. It boasts a rich natural landscape with numerous outdoor activities, perfect for families and individuals who enjoy hiking, fishing, and winter sports. The town's friendly atmosphere, combined with its accessible amenities and strong community spirit, makes it an ideal place to call home.
Buyer vs Seller Market in Karlstad, MN
The real estate market in Karlstad has shown stability over the past year with a modest increase in home values, driven by low inventory and high demand for rural properties. Many buyers are seeking affordable housing options away from urban centers, contributing to the steady interest in this area.
Due to the limited number of homes for sale, houses that do hit the market tend to be sold quickly, often with multiple offers. This trend indicates a growing recognition of Karlstad as a desirable small-town living location.
Home Value Estimator For Karlstad, MN
There are currently 414 real estate properties
in Karlstad, MN,
with a median automated valuation model (AVM) price
of $142,602.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Karlstad, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Karlstad, MN,
is $154,872.00, with the most expensive house
in Karlstad, MN, topping out
at $692,015.00 and the cheapest home
in Karlstad, MN,
clocking in at $39,100.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Karlstad, MN!
Rent Prices
In Karlstad, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Karlstad, MN, is on
a rollercoaster ride. The
average rent price in Karlstad, MN,
is $1,037.00. Indeed, when looking to rent in
Karlstad, MN, you can expect to pay as little
as $600.00 or as much
as $1,770.00,
with the average rent median estimated to
be $1,010.00. The good news is that finding
an affordable and desirable property to rent in Karlstad, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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