$1,994 Closing Credit*
$167,900
1,632 SqFt
3 Beds
•1 Full Bath
Listing Office: EXIT Realty - Great Plains
Is Cottonwood County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cottonwood County was a Seller's Market.
Key Takeaway
Cottonwood County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cottonwood County, MN
How much do homes in Cottonwood County, MN cost?
Median Sold Price
$144,900
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,850(-11.5%)
Key Takeaway
Homes in Cottonwood County have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Cottonwood County was $144,900 in November 2024, down 11.5% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $60K | -22.1% |
| 2 Bedrooms | $122.9K | $110K | -10.5% |
| 3 Bedrooms | $145.1K | $151.7K | +4.6% |
| 4 Bedrooms | $215K | $169.5K | -21.2% |
| 5+ Bedrooms | $245K | $158.9K | -35.1% |
Summary: Cottonwood County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Counties
| Murray County | $125K | $169.5K | +35.6% |
| Jackson County | $145K | $162K | +11.7% |
| Redwood County | $140K | $154.5K | +10.4% |
| Cottonwood County | $163.7K | $144.9K | -11.5% |
Housing Supply in Cottonwood County, MN
How many homes are available in Cottonwood County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 76 | +7.0% |
Summary: The Cottonwood County real estate market had 76 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 25 | 24 | -4.0% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cottonwood County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood County, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cottonwood County in November 2024, up by 120.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Cottonwood County, MN
How long does it take to sell a home in Cottonwood County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 89 Days | 89 Days | -0.8% |
Summary: Homes in Cottonwood County had an average of 89 days on market in Nov 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cottonwood County has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Cottonwood County; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
