Is Nicollet County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Nicollet County has remained a Seller's Market.
Housing Prices in Nicollet County, MN
How much do homes in Nicollet County, MN cost?
Median Sold Price
$276,350
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nicollet County was $276,350 in May 2024, up 3.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $228.5K | $201K | -12.0% |
3 Bedrooms | $232.5K | $238.4K | +2.6% |
4 Bedrooms | $317.9K | $310K | -2.5% |
5+ Bedrooms | $404K | $344.5K | -14.7% |
Summary: Nicollet County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Counties
Brown County | $165K | $188.2K | +14.1% |
Nicollet County | $266.5K | $276.3K | +3.7% |
Sibley County | $220K | $221.2K | +0.6% |
Le Sueur County | $285K | $284.9K | 0% |
Blue Earth County | $296.5K | $291K | -1.9% |
Housing Supply in Nicollet County, MN
How many homes are available in Nicollet County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 56 | +19.1% |
Summary: The Nicollet County real estate market had 56 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 18 | 32 | +77.8% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Nicollet County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 77.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Nicollet County in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Nicollet County, MN
How long does it take to sell a home in Nicollet County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 41 Days | +106.4% |
Summary: Homes in Nicollet County had an average of 41 days on market in May 2024, up by 106.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Nicollet County; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.