$4,453 Closing Credit*
$375,000
2,223 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is Kimball, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kimball was a Seller's Market.
Key Takeaway
Kimball is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kimball, MN
How much do homes in Kimball, MN cost?
Median Sold Price
$320,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,750(+15.4%)
Key Takeaway
Homes in Kimball have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Kimball was $320,900 in November 2024, up 15.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $275.8K | $279.9K | +1.5% |
| 3 Bedrooms | $266.8K | $333.2K | +24.9% |
| 4 Bedrooms | $330K | $290K | -12.1% |
| 5+ Bedrooms | $350K | $404.9K | +15.7% |
Summary: Kimball housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 24.9%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 15.7%.
Housing Supply in Kimball, MN
How many homes are available in Kimball, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Kimball real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Kimball housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kimball, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Kimball in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 10 Days | -81.5% |
Summary: Homes in Kimball had an average of 10 days on market in Nov 2024, down by 81.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 1 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.
