$889 Closing Credit*
$74,900
1,140 SqFt
1 Bed
•1 Bath
Listing Office: eXp Realty
Is Steele County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Steele County has remained a Seller's Market.
Key Takeaway
Steele County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Steele County, MN
How much do homes in Steele County, MN cost?
Median Sold Price
$280,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,550(+6.3%)
Key Takeaway
Homes in Steele County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Steele County was $280,000 in October 2024, up 6.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $152.4K | -12.9% |
| 2 Bedrooms | $221K | $231.2K | +4.6% |
| 3 Bedrooms | $243.5K | $263.8K | +8.4% |
| 4 Bedrooms | $297.5K | $315K | +5.9% |
| 5+ Bedrooms | $340K | $435K | +27.9% |
Summary: Steele County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 27.9%.
Median Sold Price Compared To Nearby Counties
| Dodge County | $270K | $305K | +13.0% |
| Steele County | $263.4K | $280K | +6.3% |
| Rice County | $324.6K | $335K | +3.2% |
| Freeborn County | $165.1K | $159.9K | -3.1% |
| Waseca County | $238.2K | $230K | -3.5% |
Housing Supply in Steele County, MN
How many homes are available in Steele County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 142 | +10.1% |
Summary: The Steele County real estate market had 142 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 42 | 49 | +16.7% |
| 4 Bedrooms | 40 | 45 | +12.5% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Steele County 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 12.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Steele County, expect to pay close to the asking price. 39.4% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Steele County in October 2024, down by 8.3% month-over-month. Of the 33 sold homes, 36% were sold under asking, 39% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +39.6% |
Summary: Homes in Steele County had an average of 33 days on market in Oct 2024, up by 39.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Steele County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Steele County; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
