Is Pope 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, Pope County was a Seller's Market.
Key Takeaway
Pope County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pope County, MN
How much do homes in Pope County, MN cost?
Median Sold Price
$244,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pope County have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Pope County was $244,500 in April 2024, up 9.4% 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 | $55K | $285K | +418.2% |
| 2 Bedrooms | $170K | $219.9K | +29.4% |
| 3 Bedrooms | $220K | $215K | -2.3% |
| 4 Bedrooms | $253.5K | $260K | +2.6% |
| 5+ Bedrooms | $335K | $500K | +49.3% |
Summary: Pope County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 418.2%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 49.3%.
Median Sold Price Compared To Nearby Counties
| Douglas County | $280.5K | $344.6K | +22.9% |
| Stevens County | $159.9K | $188.5K | +17.8% |
| Pope County | $223.5K | $244.5K | +9.4% |
| Stearns County | $261.4K | $270K | +3.3% |
| Swift County | $135.1K | $134K | -0.8% |
Housing Supply in Pope County, MN
How many homes are available in Pope County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 70 | +40.0% |
Summary: The Pope County real estate market had 70 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 7 | 12 | +71.4% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Pope County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pope County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Pope County in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Pope County, MN
How long does it take to sell a home in Pope County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -3.7% |
Summary: Homes in Pope County had an average of 34 days on market in Apr 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pope County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Pope County; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
