Is Kandiyohi 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, Kandiyohi County has remained a Seller's Market.
Key Takeaway
Kandiyohi County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kandiyohi County, MN
How much do homes in Kandiyohi County, MN cost?
Median Sold Price
$263,694
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kandiyohi County have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Kandiyohi County was $263,694 in May 2024, up 14.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $245K | +40.0% |
| 2 Bedrooms | $188K | $200K | +6.4% |
| 3 Bedrooms | $220K | $235K | +6.8% |
| 4 Bedrooms | $275K | $287.5K | +4.5% |
| 5+ Bedrooms | $325K | $462.5K | +42.3% |
Summary: Kandiyohi County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 42.3%.
Median Sold Price Compared To Nearby Counties
| Kandiyohi County | $231K | $263.6K | +14.2% |
| Meeker County | $239.9K | $264.2K | +10.1% |
| Swift County | $132K | $139.9K | +6.0% |
| Renville County | $147K | $155K | +5.4% |
| Stearns County | $263.2K | $269.5K | +2.4% |
Housing Supply in Kandiyohi County, MN
How many homes are available in Kandiyohi County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 157 | +12.9% |
Summary: The Kandiyohi County real estate market had 157 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 31 | 35 | +12.9% |
| 3 Bedrooms | 56 | 60 | +7.1% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Kandiyohi County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kandiyohi County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Kandiyohi County in May 2024, down by 13.2% month-over-month. Of the 33 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for Kandiyohi County, MN
How long does it take to sell a home in Kandiyohi County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 48 Days | +25.4% |
Summary: Homes in Kandiyohi County had an average of 48 days on market in May 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kandiyohi County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Kandiyohi County; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
