$3,088 Closing Credit*
$260,000
1,440 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Edina Realty
Is Olivia, 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, Olivia was a Seller's Market.
Key Takeaway
Olivia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Olivia, MN
How much do homes in Olivia, MN cost?
Median Sold Price
$160,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+6.0%)
Key Takeaway
Homes in Olivia have sold for 6% more than they did a year ago.
Summary: The median home sold price in Olivia was $160,000 in November 2024, up 6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $187.4K | +19.4% |
| 3 Bedrooms | $147K | $150K | +2.0% |
| 4 Bedrooms | $169.9K | $216.7K | +27.6% |
| 5+ Bedrooms | $265K | - | N/A |
Summary: Olivia 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 19.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bird Island Township | $108.4K | $185K | +70.6% |
| Olivia | $151K | $160K | +6.0% |
Housing Supply in Olivia, MN
How many homes are available in Olivia, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Olivia real estate market had 15 homes for sale in November 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Olivia 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olivia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Olivia in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Olivia, MN
How long does it take to sell a home in Olivia, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 1 Day | -97.6% |
Summary: Homes in Olivia had an average of 1 days on market in Nov 2024, down by 97.6% 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 Olivia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Olivia; 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.
