Is Nobles 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, Nobles County has remained a Seller's Market.
Housing Prices in Nobles County, MN
How much do homes in Nobles County, MN cost?
Median Sold Price
$228,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nobles County was $228,000 in May 2024, up 16.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.5K | $109K | +9.5% |
2 Bedrooms | $132.5K | $176.9K | +33.5% |
3 Bedrooms | $197.5K | $236K | +19.5% |
4 Bedrooms | $262.5K | $288.5K | +9.9% |
5+ Bedrooms | $305K | $311.5K | +2.1% |
Summary: Nobles County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Nobles County | $195K | $228K | +16.9% |
Murray County | $125K | $130K | +4.0% |
Jackson County | $134.9K | $137K | +1.6% |
Rock County | $185K | $172.4K | -6.8% |
Housing Supply in Nobles County, MN
How many homes are available in Nobles County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 76 | +26.7% |
Summary: The Nobles County real estate market had 76 homes for sale in May 2024, a 26.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 13 | +160.0% |
3 Bedrooms | 26 | 36 | +38.5% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Nobles 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 160%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Nobles County in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Nobles County, MN
How long does it take to sell a home in Nobles County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 28 Days | -36.8% |
Summary: Homes in Nobles County had an average of 28 days on market in May 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Nobles County; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.