Is Goodhue County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goodhue County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Goodhue County, MN

How much do homes in Goodhue County, MN cost?

Median Sold Price

$306,620

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,620(+9.5%)

Key Takeaway

Homes in Goodhue County have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Goodhue County was $306,620 in November 2024, up 9.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $146.2K$218.5K
+49.4%
2 $240K$280K
+16.7%
3 $255K$279K
+9.4%
4 $342.5K$374.9K
+9.5%
5+ $425K$412.5K
-2.9%

Summary: Goodhue County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Counties

Dodge County
+15.0%
Goodhue County
+9.5%
Dakota County
+3.9%
Pierce County
-0.8%
Wabasha County
-0.9%

Housing Supply in Goodhue County, MN

How many homes are available in Goodhue County, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
202187-7.4%

Summary: The Goodhue County real estate market had 187 homes for sale in November 2024, a 7.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 4545
0.0%
3 7967
-15.2%
4 6458
-9.4%
5+ 1416
+14.3%

Summary: The Goodhue 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 15.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4537-17.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goodhue County, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Goodhue County in November 2024, down by 17.8% month-over-month. Of the 37 sold homes, 51% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for Goodhue County, MN

How long does it take to sell a home in Goodhue County, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days50 Days+72.4%

Summary: Homes in Goodhue County had an average of 50 days on market in Nov 2024, up by 72.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Goodhue County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 37 homes were sold in Goodhue County; 51% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 30% 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 20 Days Ago

Newest Listings in Goodhue County, MN

Nearby Markets to Goodhue County, MN

What housing markets are near Goodhue County, MN?