Is Brown 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, Brown County has remained a Seller's Market.
Key Takeaway
Brown County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brown County, MN
How much do homes in Brown County, MN cost?
Median Sold Price
$188,250
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brown County have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Brown County was $188,250 in May 2024, up 14.1% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $38.5K | -33.6% |
| 2 Bedrooms | $79K | $86.5K | +9.5% |
| 3 Bedrooms | $165K | $188.2K | +14.1% |
| 4 Bedrooms | $175K | $234.9K | +34.2% |
| 5+ Bedrooms | $129.5K | $302K | +133.2% |
Summary: Brown County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 133.2%.
Median Sold Price Compared To Nearby Counties
| Watonwan County | $170K | $198K | +16.5% |
| Brown County | $165K | $188.2K | +14.1% |
| Redwood County | $137.2K | $149.2K | +8.8% |
| Renville County | $147K | $155K | +5.4% |
| Nicollet County | $266.5K | $276.3K | +3.7% |
Housing Supply in Brown County, MN
How many homes are available in Brown County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Brown County real estate market had 26 homes for sale in May 2024, a 4.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brown County 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 decreased by 16.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brown County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Brown County in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Brown County, MN
How long does it take to sell a home in Brown County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 19 Days | -55.7% |
Summary: Homes in Brown County had an average of 19 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brown County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Brown County; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
