$3,859 Closing Credit*
$325,000
1,243 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 September 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
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,000(+4.6%)
Key Takeaway
Homes in Howe have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Howe was $340,000 in September 2024, up 4.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201.5K | $235K | +16.6% |
| 2 Bedrooms | $280K | $282.5K | +0.9% |
| 3 Bedrooms | $350K | $355.2K | +1.5% |
| 4 Bedrooms | $513K | $475K | -7.4% |
| 5+ Bedrooms | $530K | $394K | -25.7% |
Summary: Howe housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Howe | $325K | $340K | +4.6% |
| Lawndale | $340K | $285K | -16.2% |
Housing Supply in Howe, MN
How many homes are available in Howe, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Howe real estate market had 29 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Howe housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howe, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Howe in September 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -23.1% |
Summary: Homes in Howe had an average of 15 days on market in Sep 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were 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 September 2024, 8 homes were sold in Howe; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
