Is Plainview, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainview is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Plainview has remained a Seller's Market.

Key Takeaway

Plainview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Plainview, MN

How much do homes in Plainview, MN cost?

Median Sold Price

$257,500

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,500(+2.2%)

Key Takeaway

Homes in Plainview have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Plainview was $257,500 in October 2024, up 2.2% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $240.7K$198.5K
-17.5%
3 $230K$265K
+15.2%
4 $285K$266.2K
-6.6%
5+ $388K$343.7K
-11.4%

Summary: Plainview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Cities

Plainview Township
+5.1%
Plainview
+2.2%

Housing Supply in Plainview, MN

How many homes are available in Plainview, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The Plainview real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 45
+25.0%
4 53
-40.0%
5+ 00
0.0%

Summary: The Plainview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainview, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Plainview in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Plainview, MN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days37 Days-23.2%

Summary: Homes in Plainview had an average of 37 days on market in Oct 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Plainview; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in Plainview, MN

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