Is Mower 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, Mower County has remained a Seller's Market.
Housing Prices in Mower County, MN
How much do homes in Mower County, MN cost?
Median Sold Price
$185,704
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mower County was $185,704 in April 2024, up 8.8% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77K | $56.7K | -26.4% |
2 Bedrooms | $129.9K | $142K | +9.3% |
3 Bedrooms | $170K | $175K | +2.9% |
4 Bedrooms | $245K | $299.9K | +22.4% |
5+ Bedrooms | $335K | $325K | -3.0% |
Summary: Mower County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Counties
Mower County | $170.7K | $185.7K | +8.8% |
Dodge County | $262.4K | $278.3K | +6.1% |
Olmsted County | $315K | $318.9K | +1.3% |
Housing Supply in Mower County, MN
How many homes are available in Mower County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 130 | +20.4% |
Summary: The Mower County real estate market had 130 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 29 | 40 | +37.9% |
3 Bedrooms | 39 | 49 | +25.6% |
4 Bedrooms | 27 | 27 | 0.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Mower County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 25.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 38 | +72.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Mower County in April 2024, up by 72.7% month-over-month. Of the 38 sold homes, 39% were sold under asking, 18% were sold at asking, and 42% were sold over asking.
Days on Market for Mower County, MN
How long does it take to sell a home in Mower County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 53 Days | +18.4% |
Summary: Homes in Mower County had an average of 53 days on market in Apr 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Mower County; 63% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.