Is Brown County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brown County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Brown County has remained a Seller's Market.

Key Takeaway

Brown County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brown County, MN

How much do homes in Brown County, MN cost?

Median Sold Price

$190,000

$107/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$41,500(+27.9%)

Key Takeaway

Homes in Brown County have sold for 27.9% more than they did a month ago.

Summary: The median home sold price in Brown County was $190,000 in November 2024, up 27.9% from last month, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$62.5K
N/A
2 $147.2K-
N/A
3 $260.2K$205K
-21.2%
4 $109K$353K
+223.9%
5+ --
N/A

Summary: Brown County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 223.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Watonwan County
+38.6%
Brown County
+27.9%

Housing Supply in Brown County, MN

How many homes are available in Brown County, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4033-17.5%

Summary: The Brown County real estate market had 33 homes for sale in November 2024, a 17.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 84
-50.0%
3 1717
0.0%
4 1310
-23.1%
5+ 00
0.0%

Summary: The Brown County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brown County, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Brown County in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for Brown County, MN

How long does it take to sell a home in Brown County, MN?

Average Sale Time

Oct 2024Nov 2024CHANGE
40 Days16 Days-58.9%

Summary: Homes in Brown County had an average of 16 days on market in Nov 2024, down by 58.9% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brown County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Brown County; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Brown County, MN

Nearby Markets to Brown County, MN

What housing markets are near Brown County, MN?