$3,858 Closing Credit*
$324,900
1,682 SqFt
2 Beds
•1 Full Bath
Listing Office: Real Broker, LLC
Is Mower County, 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, Mower County has remained a Seller's Market.
Key Takeaway
Mower County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mower County, MN
How much do homes in Mower County, MN cost?
Median Sold Price
$184,055
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,338(+3.0%)
Key Takeaway
Homes in Mower County have sold for 3% more than they did a year ago.
Summary: The median home sold price in Mower County was $184,055 in October 2024, up 3% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $56.5K | -25.7% |
| 2 Bedrooms | $135.5K | $150K | +10.7% |
| 3 Bedrooms | $171K | $176K | +2.9% |
| 4 Bedrooms | $261.5K | $315K | +20.5% |
| 5+ Bedrooms | $252.4K | $355K | +40.6% |
Summary: Mower County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 40.6%.
Median Sold Price Compared To Nearby Counties
| Dodge County | $270K | $305K | +13.0% |
| Olmsted County | $313.5K | $325.2K | +3.7% |
| Mower County | $178.7K | $184K | +3.0% |
Housing Supply in Mower County, MN
How many homes are available in Mower County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 179 | +11.2% |
Summary: The Mower County real estate market had 179 homes for sale in October 2024, a 11.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 37 | 46 | +24.3% |
| 3 Bedrooms | 76 | 83 | +9.2% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Mower County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mower County, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Mower County in October 2024, down by 2.8% month-over-month. Of the 35 sold homes, 29% were sold under asking, 23% were sold at asking, and 49% were sold over asking.
Days on Market for Mower County, MN
How long does it take to sell a home in Mower County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 25 Days | -27.0% |
Summary: Homes in Mower County had an average of 25 days on market in Oct 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mower County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Mower County; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
