Is Chippewa County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chippewa County was a Seller's Market.
Housing Prices in Chippewa County, MN
How much do homes in Chippewa County, MN cost?
Median Sold Price
$172,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chippewa County was $172,000 in April 2024, up 14.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55.5K | $211K | +280.2% |
2 Bedrooms | $125.5K | $122K | -2.8% |
3 Bedrooms | $158.1K | $173.5K | +9.7% |
4 Bedrooms | $176.6K | $198.3K | +12.3% |
5+ Bedrooms | $270.5K | $339.5K | +25.5% |
Summary: Chippewa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 280.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Counties
Lac qui Parle County | $110.6K | $130K | +17.5% |
Kandiyohi County | $230K | $264.9K | +15.2% |
Chippewa County | $149.9K | $172K | +14.7% |
Yellow Medicine County | $134.9K | $145K | +7.5% |
Swift County | $135.1K | $134K | -0.8% |
Housing Supply in Chippewa County, MN
How many homes are available in Chippewa County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 54 | +25.6% |
Summary: The Chippewa County real estate market had 54 homes for sale in April 2024, a 25.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Chippewa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Chippewa County in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chippewa County, MN
How long does it take to sell a home in Chippewa County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
121 Days | 64 Days | -46.9% |
Summary: Homes in Chippewa County had an average of 64 days on market in Apr 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Chippewa County; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.