$4,964 Closing Credit*
$418,000
1,756 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 First Realty, Inc.
Is Kimball, 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, Kimball has remained a Seller's Market.
Key Takeaway
Kimball is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kimball, MN
How much do homes in Kimball, MN cost?
Median Sold Price
$323,200
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,314(+17.2%)
Key Takeaway
Homes in Kimball have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Kimball was $323,200 in October 2024, up 17.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $275.4K | $279.9K | +1.6% |
| 3 Bedrooms | $250.8K | $342.1K | +36.4% |
| 4 Bedrooms | $330K | $312.4K | -5.3% |
| 5+ Bedrooms | $240K | $409.8K | +70.8% |
Summary: Kimball housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 70.8%.
Housing Supply in Kimball, MN
How many homes are available in Kimball, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Summary: The Kimball real estate market had 17 homes for sale in October 2024, a 54.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kimball 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kimball, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Kimball in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Kimball, MN
How long does it take to sell a home in Kimball, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 13 Days | -60.8% |
Summary: Homes in Kimball had an average of 13 days on market in Oct 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
3 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 Kimball are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Kimball; 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.
