Is Todd 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, Todd County has remained a Seller's Market.
Key Takeaway
Todd County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Todd County, MN
How much do homes in Todd County, MN cost?
Median Sold Price
$200,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Todd County have sold for 2% more than they did a year ago.
Summary: The median home sold price in Todd County was $200,000 in April 2024, up 2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $119.2K | -4.6% |
| 2 Bedrooms | $154.5K | $145K | -6.1% |
| 3 Bedrooms | $177.9K | $215K | +20.9% |
| 4 Bedrooms | $278K | $247.5K | -11.0% |
| 5+ Bedrooms | $410K | $365K | -11.0% |
Summary: Todd County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Counties
| Otter Tail County | $250.1K | $280.3K | +12.1% |
| Morrison County | $235.7K | $251.2K | +6.6% |
| Wadena County | $180K | $189.9K | +5.5% |
| Stearns County | $261.4K | $270K | +3.3% |
| Todd County | $196K | $200K | +2.0% |
Housing Supply in Todd County, MN
How many homes are available in Todd County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 85 | +39.3% |
Summary: The Todd County real estate market had 85 homes for sale in April 2024, a 39.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 11 | 18 | +63.6% |
| 3 Bedrooms | 25 | 32 | +28.0% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Todd 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 63.6%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 19 | +375.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Todd County, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Todd County in April 2024, up by 375.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Todd County, MN
How long does it take to sell a home in Todd County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 71 Days | +107.9% |
Summary: Homes in Todd County had an average of 71 days on market in Apr 2024, up by 107.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Todd County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Todd County; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
