$1,188 Closing Credit*
$100,000
725 SqFt
1 Bed
•1 Full Bath
Listing Office: Real Broker, LLC.
Is Olmsted 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, Olmsted County has remained a Seller's Market.
Key Takeaway
Olmsted County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olmsted County, MN
How much do homes in Olmsted County, MN cost?
Median Sold Price
$325,272
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,738(+3.7%)
Key Takeaway
Homes in Olmsted County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Olmsted County was $325,272 in October 2024, up 3.7% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $134.5K | +3.5% |
| 2 Bedrooms | $230K | $245K | +6.5% |
| 3 Bedrooms | $275K | $285K | +3.6% |
| 4 Bedrooms | $359.1K | $378.2K | +5.3% |
| 5+ Bedrooms | $550K | $550K | 0.0% |
Summary: Olmsted County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Dodge County | $270K | $305K | +13.0% |
| Goodhue County | $280K | $304K | +8.6% |
| Olmsted County | $313.5K | $325.2K | +3.7% |
| Mower County | $178.7K | $184K | +3.0% |
| Wabasha County | $275K | $280K | +1.8% |
Housing Supply in Olmsted County, MN
How many homes are available in Olmsted County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 739 | 765 | +3.5% |
Summary: The Olmsted County real estate market had 765 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 122 | 134 | +9.8% |
| 3 Bedrooms | 215 | 221 | +2.8% |
| 4 Bedrooms | 267 | 266 | -0.4% |
| 5+ Bedrooms | 128 | 135 | +5.5% |
Summary: The Olmsted County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 5.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 171 | +6.2% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olmsted County, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.
Summary: A total of 171 homes were sold or pending in Olmsted County in October 2024, up by 6.2% month-over-month. Of the 171 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Olmsted County, MN
How long does it take to sell a home in Olmsted County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 39 Days | +6.8% |
Summary: Homes in Olmsted County had an average of 39 days on market in Oct 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olmsted County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 171 homes were sold in Olmsted County; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
