$2,850 Closing Credit*
$240,000
1,786 SqFt
4 Beds
•1 Full Bath
Listing Office: Marshall Area Homes
Is Redwood County, 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, Redwood County was a Seller's Market.
Key Takeaway
Redwood County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Redwood County, MN
How much do homes in Redwood County, MN cost?
Median Sold Price
$154,500
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,500(+10.4%)
Key Takeaway
Homes in Redwood County have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Redwood County was $154,500 in November 2024, up 10.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $93.7K | $102.7K | +9.5% |
| 3 Bedrooms | $150.2K | $142K | -5.5% |
| 4 Bedrooms | $170K | $210K | +23.5% |
| 5+ Bedrooms | $258.2K | $170K | -34.2% |
Summary: Redwood County 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 9.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 34.2%.
Median Sold Price Compared To Nearby Counties
| Renville County | $145K | $185.2K | +27.7% |
| Yellow Medicine County | $142.2K | $159.6K | +12.2% |
| Redwood County | $140K | $154.5K | +10.4% |
| Cottonwood County | $163.7K | $144.9K | -11.5% |
Housing Supply in Redwood County, MN
How many homes are available in Redwood County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The Redwood County real estate market had 55 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Redwood County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Redwood County in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Redwood County, MN
How long does it take to sell a home in Redwood County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 83 Days | +55.1% |
Summary: Homes in Redwood County had an average of 83 days on market in Nov 2024, up by 55.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redwood County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Redwood County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
