$4,501 Closing Credit*
$379,000
2,447 SqFt
3 Beds
•1 Full Bath
Listing Office: Krueger Realty, Inc.
Is Martin County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Martin County has remained a Seller's Market.
Key Takeaway
Martin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Martin County, MN
How much do homes in Martin County, MN cost?
Median Sold Price
$169,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,500(+5.3%)
Key Takeaway
Homes in Martin County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Martin County was $169,500 in November 2024, up 5.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.7K | $80K | +4.2% |
| 2 Bedrooms | $110.5K | $118.7K | +7.5% |
| 3 Bedrooms | $155K | $179K | +15.5% |
| 4 Bedrooms | $244.4K | $223.9K | -8.4% |
| 5+ Bedrooms | $218.5K | $210.5K | -3.7% |
Summary: Martin County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in Martin County, MN
How many homes are available in Martin County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 80 | -1.2% |
Summary: The Martin County real estate market had 80 homes for sale in November 2024, a 1.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Martin County 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 10.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Martin County, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Martin County in November 2024, down by 15.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.
Days on Market for Martin County, MN
How long does it take to sell a home in Martin County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 61 Days | +42.7% |
Summary: Homes in Martin County had an average of 61 days on market in Nov 2024, up by 42.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Martin County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Martin County; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
