Is Pope 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, Pope County has remained a Seller's Market.
Housing Prices in Pope County, MN
How much do homes in Pope County, MN cost?
Median Sold Price
$248,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pope County was $248,000 in May 2024, up 9.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $325K | +282.4% |
2 Bedrooms | $169.9K | $240K | +41.2% |
3 Bedrooms | $219K | $204.6K | -6.6% |
4 Bedrooms | $260.6K | $273.5K | +5.0% |
5+ Bedrooms | $335K | $460K | +37.3% |
Summary: Pope County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 282.4%, 2 bedroom homes increased by 41.2%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 37.3%.
Median Sold Price Compared To Nearby Counties
Douglas County | $285.2K | $339.5K | +19.1% |
Stevens County | $159.9K | $187K | +16.9% |
Pope County | $227.2K | $248K | +9.1% |
Swift County | $132K | $139.9K | +6.0% |
Stearns County | $263.2K | $269.5K | +2.4% |
Housing Supply in Pope County, MN
How many homes are available in Pope County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 82 | +13.9% |
Summary: The Pope County real estate market had 82 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Pope County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Pope County in May 2024, up by 110.0% month-over-month. Of the 21 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Pope County, MN
How long does it take to sell a home in Pope County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 59 Days | -20.1% |
Summary: Homes in Pope County had an average of 59 days on market in May 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Pope County; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.