Is Nobles County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nobles County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Nobles County was a Seller's Market.

Key Takeaway

Nobles County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Nobles County, MN

How much do homes in Nobles County, MN cost?

Median Sold Price

$239,900

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,900(+23.0%)

Key Takeaway

Homes in Nobles County have sold for 23% more than they did a year ago.

Summary: The median home sold price in Nobles County was $239,900 in November 2024, up 23% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112K$79.7K
-28.8%
2 $145K$170K
+17.2%
3 $204K$245.8K
+20.5%
4 $288.5K$302.5K
+4.9%
5+ $368.5K$252.2K
-31.5%

Summary: Nobles County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 31.5%.

Median Sold Price Compared To Nearby Counties

Murray County
+35.6%
Nobles County
+23.0%
Rock County
+14.8%
Jackson County
+11.7%

Housing Supply in Nobles County, MN

How many homes are available in Nobles County, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8471-15.5%

Summary: The Nobles County real estate market had 71 homes for sale in November 2024, a 15.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1613
-18.8%
3 3732
-13.5%
4 2419
-20.8%
5+ 67
+16.7%

Summary: The Nobles County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1910-47.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nobles County, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Nobles County in November 2024, down by 47.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.

Days on Market for Nobles County, MN

How long does it take to sell a home in Nobles County, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days32 Days-11.8%

Summary: Homes in Nobles County had an average of 32 days on market in Nov 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nobles County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Nobles County; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Nobles County, MN

Nearby Markets to Nobles County, MN

What housing markets are near Nobles County, MN?