Is Mower 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, Mower County has remained a Seller's Market.
Housing Prices in Mower County, MN
How much do homes in Mower County, MN cost?
Median Sold Price
$185,833
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mower County was $185,833 in May 2024, up 8.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77K | $56.7K | -26.4% |
2 Bedrooms | $134K | $143.9K | +7.4% |
3 Bedrooms | $170K | $175K | +2.9% |
4 Bedrooms | $250K | $299.9K | +20.0% |
5+ Bedrooms | $335K | $330K | -1.5% |
Summary: Mower County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Counties
Mower County | $171.5K | $185.8K | +8.3% |
Dodge County | $261.1K | $279.9K | +7.2% |
Olmsted County | $312.6K | $320K | +2.3% |
Housing Supply in Mower County, MN
How many homes are available in Mower County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 139 | +6.1% |
Summary: The Mower County real estate market had 139 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 40 | 47 | +17.5% |
3 Bedrooms | 50 | 51 | +2.0% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Mower 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 increased by 17.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 33 | -15.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Mower County in May 2024, down by 15.4% month-over-month. Of the 33 sold homes, 42% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for Mower County, MN
How long does it take to sell a home in Mower County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 53 Days | -0.1% |
Summary: Homes in Mower County had an average of 53 days on market in May 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Mower County; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.