Is Winona, 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, Winona has remained a Seller's Market.
Key Takeaway
Winona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Winona, MN
How much do homes in Winona, MN cost?
Median Sold Price
$222,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Winona have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Winona was $222,500 in April 2024, up 17.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $124K | -4.6% |
| 2 Bedrooms | $158.2K | $172K | +8.7% |
| 3 Bedrooms | $196.7K | $222.2K | +13.0% |
| 4 Bedrooms | $265K | $300K | +13.2% |
| 5+ Bedrooms | $216K | $377.4K | +74.7% |
Summary: Winona 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 increased by 8.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 74.7%.
Housing Supply in Winona, MN
How many homes are available in Winona, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 87 | +6.1% |
Summary: The Winona real estate market had 87 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 44 | 39 | -11.4% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Winona housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Winona, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Winona in April 2024, up by 18.2% month-over-month. Of the 26 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.
Days on Market for Winona, MN
How long does it take to sell a home in Winona, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 25 Days | -37.9% |
Summary: Homes in Winona had an average of 25 days on market in Apr 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Winona are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Winona; 73% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
