Is McLeod County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McLeod County has remained a Seller's Market.
Housing Prices in McLeod County, MN
How much do homes in McLeod County, MN cost?
Median Sold Price
$254,725
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McLeod County was $254,725 in April 2024, up 1.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $126.5K | +10.0% |
2 Bedrooms | $224K | $215K | -4.0% |
3 Bedrooms | $235K | $245K | +4.3% |
4 Bedrooms | $285K | $290K | +1.8% |
5+ Bedrooms | $390K | $325K | -16.7% |
Summary: McLeod County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Counties
Meeker County | $242K | $264.2K | +9.2% |
Wright County | $363.6K | $375.7K | +3.3% |
McLeod County | $249.9K | $254.7K | +1.9% |
Carver County | $433.2K | $435.1K | 0.4% |
Sibley County | $220K | $218K | -0.9% |
Housing Supply in McLeod County, MN
How many homes are available in McLeod County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 132 | +33.3% |
Summary: The McLeod County real estate market had 132 homes for sale in April 2024, a 33.3% 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 | 16 | 26 | +62.5% |
3 Bedrooms | 43 | 51 | +18.6% |
4 Bedrooms | 33 | 44 | +33.3% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The McLeod 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 62.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 29 | +45.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in McLeod County in April 2024, up by 45.0% month-over-month. Of the 29 sold homes, 24% were sold under asking, 28% were sold at asking, and 48% were sold over asking.
Days on Market for McLeod County, MN
How long does it take to sell a home in McLeod County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 28 Days | -29.4% |
Summary: Homes in McLeod County had an average of 28 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in McLeod County; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.