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 22 Days Ago

Newest Listings in Plainview, MN

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