Is Swift 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, Swift County has remained a Seller's Market.
Key Takeaway
Swift County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swift County, MN
How much do homes in Swift County, MN cost?
Median Sold Price
$139,950
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swift County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Swift County was $139,950 in May 2024, up 6% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $62.5K | -17.8% |
| 2 Bedrooms | $92.5K | $97.5K | +5.4% |
| 3 Bedrooms | $109.8K | $133K | +21.1% |
| 4 Bedrooms | $219.9K | $183K | -16.8% |
| 5+ Bedrooms | $279K | $190K | -31.9% |
Summary: Swift County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Counties
| Lac qui Parle County | $107.5K | $129.3K | +20.3% |
| Stevens County | $159.9K | $187K | +16.9% |
| Chippewa County | $150K | $173.5K | +15.7% |
| Pope County | $227.2K | $248K | +9.1% |
| Swift County | $132K | $139.9K | +6.0% |
Housing Supply in Swift County, MN
How many homes are available in Swift County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Summary: The Swift County real estate market had 44 homes for sale in May 2024, a 46.7% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 24 | +60.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Swift 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 12 | +1100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swift County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Swift County in May 2024, up by 1100.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Swift County, MN
How long does it take to sell a home in Swift County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 70 Days | +220.1% |
Summary: Homes in Swift County had an average of 70 days on market in May 2024, up by 220.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swift County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Swift County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
