Is Windom, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Windom was a Seller's Market.
Housing Prices in Windom, MN
How much do homes in Windom, MN cost?
Median Sold Price
$165,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Windom was $165,000 in May 2024, down 7.6% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69K | $77K | +11.6% |
2 Bedrooms | $127K | $136.7K | +7.6% |
3 Bedrooms | $164K | $163.5K | -0.3% |
4 Bedrooms | $239.5K | $185K | -22.8% |
5+ Bedrooms | $252K | $195.5K | -22.4% |
Summary: Windom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes decreased by 22.4%.
Housing Supply in Windom, MN
How many homes are available in Windom, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The Windom real estate market had 43 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Windom housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Windom in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Windom, MN
How long does it take to sell a home in Windom, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
112 Days | 156 Days | +38.9% |
Summary: Homes in Windom had an average of 156 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Windom; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 83% of homes were sold over 90 days.