$2,434 Closing Credit*
$205,000
1,260 SqFt
4 Beds
•2 Baths
Listing Office: Edina Realty, Inc.
Is Cottonwood 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, Cottonwood County has remained a Buyer's Market.
Key Takeaway
Cottonwood County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cottonwood County, MN
How much do homes in Cottonwood County, MN cost?
Median Sold Price
$140,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,500(-14.9%)
Key Takeaway
Homes in Cottonwood County have sold for 14.9% less than they did a year ago.
Summary: The median home sold price in Cottonwood County was $140,000 in October 2024, down 14.9% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $60K | -22.1% |
| 2 Bedrooms | $130.2K | $105K | -19.4% |
| 3 Bedrooms | $159K | $139.5K | -12.3% |
| 4 Bedrooms | $215K | $172.5K | -19.8% |
| 5+ Bedrooms | $222.5K | $162K | -27.2% |
Summary: Cottonwood County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Counties
| Murray County | $125K | $163.7K | +31.0% |
| Redwood County | $137.4K | $159.7K | +16.2% |
| Jackson County | $145K | $155K | +6.9% |
| Cottonwood County | $164.5K | $140K | -14.9% |
Housing Supply in Cottonwood County, MN
How many homes are available in Cottonwood County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The Cottonwood County real estate market had 75 homes for sale in October 2024, a 2.7% 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 | 24 | 26 | +8.3% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Cottonwood 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 8.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cottonwood County in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 95 Days | +29.6% |
Summary: Homes in Cottonwood County had an average of 95 days on market in Oct 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cottonwood County has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Cottonwood County; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
