$2,494 Closing Credit*
$210,000
2,366 SqFt
3 Beds
•2 Full Baths
Listing Office: Marshall Area Homes
Is Chippewa County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$165,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,250(-2.5%)
Key Takeaway
Homes in Chippewa County have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Chippewa County was $165,000 in November 2024, down 2.5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97K | $65.1K | -32.9% |
| 2 Bedrooms | $115K | $134.9K | +17.3% |
| 3 Bedrooms | $182.4K | $170K | -6.8% |
| 4 Bedrooms | $194K | $200K | +3.1% |
| 5+ Bedrooms | $340K | $339K | -0.3% |
Summary: Chippewa County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.9%, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Counties
| Kandiyohi County | $250K | $286K | +14.4% |
| Yellow Medicine County | $142.2K | $159.6K | +12.2% |
| Swift County | $134K | $150K | +11.9% |
| Lac qui Parle County | $130K | $144.9K | +11.5% |
| Chippewa County | $169.2K | $165K | -2.5% |
Housing Supply in Chippewa County, MN
How many homes are available in Chippewa County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 58 | -4.9% |
Summary: The Chippewa County real estate market had 58 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Chippewa County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Chippewa County in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 28 Days | -66.5% |
Summary: Homes in Chippewa County had an average of 28 days on market in Nov 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Chippewa County; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
