$3,918 Closing Credit*
$329,900
1,453 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Howe, 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, Howe has remained a Seller's Market.
Key Takeaway
Howe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howe, MN
How much do homes in Howe, MN cost?
Median Sold Price
$340,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,500(+6.1%)
Key Takeaway
Homes in Howe have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Howe was $340,000 in October 2024, up 6.1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201.5K | $230K | +14.1% |
| 2 Bedrooms | $280.5K | $287.7K | +2.6% |
| 3 Bedrooms | $350K | $355K | +1.4% |
| 4 Bedrooms | $499.9K | $490K | -2.0% |
| 5+ Bedrooms | $530K | $394K | -25.7% |
Summary: Howe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 25.7%.
Housing Supply in Howe, MN
How many homes are available in Howe, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The Howe real estate market had 27 homes for sale in October 2024, a 3.6% decrease 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Howe 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 33.3%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howe, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Howe in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Howe, MN
How long does it take to sell a home in Howe, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 13 Days | -9.3% |
Summary: Homes in Howe had an average of 13 days on market in Oct 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Howe; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
