$295,000
Land
Listing Office: RE/MAX Preferred Realty
Is Glenwood, 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, Glenwood was a Seller's Market.
Key Takeaway
Glenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Glenwood, MN
How much do homes in Glenwood, MN cost?
Median Sold Price
$299,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+19.6%)
Key Takeaway
Homes in Glenwood have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Glenwood was $299,000 in November 2024, up 19.6% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.7K | $180K | -35.4% |
| 2 Bedrooms | $226K | $210K | -7.1% |
| 3 Bedrooms | $215K | $328.2K | +52.7% |
| 4 Bedrooms | $325K | $343.7K | +5.8% |
| 5+ Bedrooms | $485K | $750K | +54.6% |
Summary: Glenwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 52.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 54.6%.
Median Sold Price Compared To Nearby Cities
| Glenwood Township | $251K | $315K | +25.5% |
| Glenwood | $250K | $299K | +19.6% |
Housing Supply in Glenwood, MN
How many homes are available in Glenwood, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Glenwood real estate market had 23 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Glenwood 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Glenwood in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Glenwood, MN
How long does it take to sell a home in Glenwood, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 58 Days | +84.2% |
Summary: Homes in Glenwood had an average of 58 days on market in Nov 2024, up by 84.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Glenwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Glenwood; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
