$274,900
Land
Listing Office: Land Resource Mgmt & Rlty Inc.
Is Mower 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, 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
$185,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,775(+3.2%)
Key Takeaway
Homes in Mower County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Mower County was $185,500 in November 2024, up 3.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74K | $69.9K | -5.5% |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $174K | $185K | +6.3% |
| 4 Bedrooms | $275K | $315K | +14.5% |
| 5+ Bedrooms | $248.9K | $345K | +38.6% |
Summary: Mower County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 38.6%.
Median Sold Price Compared To Nearby Counties
| Dodge County | $274K | $315K | +15.0% |
| Olmsted County | $314.9K | $326K | +3.5% |
| Mower County | $179.7K | $185.5K | +3.2% |
Housing Supply in Mower County, MN
How many homes are available in Mower County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 165 | 158 | -4.2% |
Summary: The Mower County real estate market had 158 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 45 | 36 | -20.0% |
| 3 Bedrooms | 77 | 74 | -3.9% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Mower County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mower County, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Mower County in November 2024, up by 18.9% month-over-month. Of the 44 sold homes, 48% were sold under asking, 23% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 55 Days | +34.1% |
Summary: Homes in Mower County had an average of 55 days on market in Nov 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mower County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in Mower County; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
