Is Meeker 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, Meeker County has remained a Seller's Market.
Key Takeaway
Meeker County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meeker County, MN
How much do homes in Meeker County, MN cost?
Median Sold Price
$264,200
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Meeker County have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Meeker County was $264,200 in May 2024, up 10.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $172.5K | +103.0% |
| 2 Bedrooms | $229.6K | $239.9K | +4.5% |
| 3 Bedrooms | $212.5K | $238.5K | +12.2% |
| 4 Bedrooms | $295K | $312K | +5.8% |
| 5+ Bedrooms | $380K | $337.5K | -11.2% |
Summary: Meeker County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Counties
| Kandiyohi County | $231K | $263.6K | +14.2% |
| Meeker County | $239.9K | $264.2K | +10.1% |
| Wright County | $364.8K | $375.5K | +2.9% |
| Stearns County | $263.2K | $269.5K | +2.4% |
| McLeod County | $249.9K | $254K | +1.6% |
Housing Supply in Meeker County, MN
How many homes are available in Meeker County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 81 | +30.6% |
Summary: The Meeker County real estate market had 81 homes for sale in May 2024, a 30.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Meeker County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meeker County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Meeker County in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Meeker County, MN
How long does it take to sell a home in Meeker County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 37 Days | +23.9% |
Summary: Homes in Meeker County had an average of 37 days on market in May 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Meeker County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Meeker County; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
