$2,957 Closing Credit*
$249,000
1,560 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Advantage Plus
Is Renville 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, Renville County was a Seller's Market.
Key Takeaway
Renville 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 Renville County, MN
How much do homes in Renville County, MN cost?
Median Sold Price
$185,200
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,200(+27.7%)
Key Takeaway
Homes in Renville County have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in Renville County was $185,200 in November 2024, up 27.7% 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 | $77.7K | $137.2K | +76.5% |
| 2 Bedrooms | $119K | $102.5K | -13.9% |
| 3 Bedrooms | $147K | $163.5K | +11.3% |
| 4 Bedrooms | $175K | $230K | +31.4% |
| 5+ Bedrooms | $168.7K | $260K | +54.1% |
Summary: Renville County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.5%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 54.1%.
Median Sold Price Compared To Nearby Counties
| Renville County | $145K | $185.2K | +27.7% |
| Kandiyohi County | $250K | $286K | +14.4% |
| Yellow Medicine County | $142.2K | $159.6K | +12.2% |
| Redwood County | $140K | $154.5K | +10.4% |
Housing Supply in Renville County, MN
How many homes are available in Renville County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 50 | -2.0% |
Summary: The Renville County real estate market had 50 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Renville County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Renville County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Renville County in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Renville County, MN
How long does it take to sell a home in Renville County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 41 Days | -0.8% |
Summary: Homes in Renville County had an average of 41 days on market in Nov 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Renville County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Renville County; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
