Is Glenwood, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glenwood is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Glenwood has remained a Seller's Market.

Key Takeaway

Glenwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Glenwood, MN

How much do homes in Glenwood, MN cost?

Median Sold Price

$290,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,100(+16.0%)

Key Takeaway

Homes in Glenwood have sold for 16% more than they did a year ago.

Summary: The median home sold price in Glenwood was $290,000 in October 2024, up 16% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $278.7K$180K
-35.4%
2 $241.5K$210K
-13.0%
3 $192.1K$321K
+67.1%
4 $332.5K$322.5K
-3.0%
5+ $362.5K$685K
+89.0%

Summary: Glenwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 67.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 89%.

Median Sold Price Compared To Nearby Cities

Glenwood Township
+18.8%
Glenwood
+16.0%

Housing Supply in Glenwood, MN

How many homes are available in Glenwood, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4126-36.6%

Summary: The Glenwood real estate market had 26 homes for sale in October 2024, a 36.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 83
-62.5%
3 1711
-35.3%
4 86
-25.0%
5+ 53
-40.0%

Summary: The Glenwood 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 decreased by 62.5%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
165-68.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glenwood, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Glenwood in October 2024, down by 68.8% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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

Oct 2023Oct 2024CHANGE
33 Days96 Days+189.3%

Summary: Homes in Glenwood had an average of 96 days on market in Oct 2024, up by 189.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Glenwood are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in Glenwood; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Glenwood, MN

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