Is Goodhue 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, Goodhue County has remained a Seller's Market.
Key Takeaway
Goodhue County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Goodhue County, MN
How much do homes in Goodhue County, MN cost?
Median Sold Price
$291,425
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Goodhue County have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Goodhue County was $291,425 in May 2024, up 2.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.2K | $145K | -22.1% |
| 2 Bedrooms | $229.8K | $250K | +8.8% |
| 3 Bedrooms | $258.9K | $260K | 0.4% |
| 4 Bedrooms | $337.5K | $349.2K | +3.5% |
| 5+ Bedrooms | $424.9K | $485K | +14.1% |
Summary: Goodhue County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Counties
| Dodge County | $261.1K | $279.9K | +7.2% |
| Pierce County | $330K | $348.4K | +5.6% |
| Dakota County | $371.2K | $387K | +4.3% |
| Wabasha County | $274K | $285K | +4.0% |
| Goodhue County | $285K | $291.4K | +2.3% |
Housing Supply in Goodhue County, MN
How many homes are available in Goodhue County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 194 | 199 | +2.6% |
Summary: The Goodhue County real estate market had 199 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 51 | 56 | +9.8% |
| 3 Bedrooms | 56 | 63 | +12.5% |
| 4 Bedrooms | 72 | 65 | -9.7% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Goodhue County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Goodhue County, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Goodhue County in May 2024, down by 2.3% month-over-month. Of the 42 sold homes, 45% were sold under asking, 19% were sold at asking, and 36% were sold over asking.
Days on Market for Goodhue County, MN
How long does it take to sell a home in Goodhue County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 56 Days | -1.3% |
Summary: Homes in Goodhue County had an average of 56 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Goodhue County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Goodhue County; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
