$2,304 Closing Credit*
$194,000
1,824 SqFt
3 Beds
•1 Full Bath
Listing Office: Kuhlmann Real Estate, Inc.
Is Chippewa County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chippewa County has remained a Seller's Market.
Key Takeaway
Chippewa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chippewa County, MN
How much do homes in Chippewa County, MN cost?
Median Sold Price
$167,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+1.2%)
Key Takeaway
Homes in Chippewa County have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Chippewa County was $167,000 in October 2024, up 1.2% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97K | $61K | -37.1% |
| 2 Bedrooms | $115K | $134.9K | +17.3% |
| 3 Bedrooms | $185K | $167K | -9.7% |
| 4 Bedrooms | $182.6K | $200K | +9.5% |
| 5+ Bedrooms | $438.7K | $339.5K | -22.6% |
Summary: Chippewa County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.1%, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Counties
| Lac qui Parle County | $118K | $138.5K | +17.4% |
| Kandiyohi County | $250K | $284.9K | +14.0% |
| Yellow Medicine County | $142K | $160K | +12.7% |
| Swift County | $140K | $145K | +3.6% |
| Chippewa County | $165K | $167K | +1.2% |
Housing Supply in Chippewa County, MN
How many homes are available in Chippewa County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 64 | +25.5% |
Summary: The Chippewa County real estate market had 64 homes for sale in October 2024, a 25.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Chippewa County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Chippewa County in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Chippewa County, MN
How long does it take to sell a home in Chippewa County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 112 Days | +159.9% |
Summary: Homes in Chippewa County had an average of 112 days on market in Oct 2024, up by 159.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chippewa County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in Chippewa County; 33% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.
