$4,274 Closing Credit*
$359,900
2,179 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Steele 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, Steele County was a Seller's Market.
Key Takeaway
Steele 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 Steele County, MN
How much do homes in Steele County, MN cost?
Median Sold Price
$280,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,033(+6.1%)
Key Takeaway
Homes in Steele County have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Steele County was $280,000 in November 2024, up 6.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $152.4K | -12.9% |
| 2 Bedrooms | $220K | $232.5K | +5.7% |
| 3 Bedrooms | $250K | $268K | +7.2% |
| 4 Bedrooms | $298K | $308.4K | +3.5% |
| 5+ Bedrooms | $320K | $435K | +35.9% |
Summary: Steele County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Counties
| Dodge County | $274K | $315K | +15.0% |
| Steele County | $263.9K | $280K | +6.1% |
| Rice County | $325.2K | $335K | +3.0% |
| Waseca County | $237.5K | $234.5K | -1.3% |
| Freeborn County | $165.6K | $161.9K | -2.2% |
Housing Supply in Steele County, MN
How many homes are available in Steele County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 128 | -7.2% |
Summary: The Steele County real estate market had 128 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 48 | 53 | +10.4% |
| 4 Bedrooms | 45 | 33 | -26.7% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Steele County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 21 | -38.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Steele County, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Steele County in November 2024, down by 38.2% month-over-month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Steele County, MN
How long does it take to sell a home in Steele County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 25 Days | -5.6% |
Summary: Homes in Steele County had an average of 25 days on market in Nov 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Steele County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Steele County; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
