Is Winona, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winona is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Winona has remained a Seller's Market.

Key Takeaway

Winona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Winona, MN

How much do homes in Winona, MN cost?

Median Sold Price

$232,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,062(+10.5%)

Key Takeaway

Homes in Winona have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Winona was $232,500 in November 2024, up 10.5% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $124K$120.5K
-2.8%
2 $166.5K$192.5K
+15.6%
3 $218.4K$240.6K
+10.1%
4 $265K$300K
+13.2%
5+ $311K$415K
+33.4%

Summary: Winona housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 33.4%.

Median Sold Price Compared To Nearby Cities

Goodview
+15.2%
Winona
+10.5%

Housing Supply in Winona, MN

How many homes are available in Winona, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
113103-8.8%

Summary: The Winona real estate market had 103 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 4035
-12.5%
3 3734
-8.1%
4 2220
-9.1%
5+ 1111
0.0%

Summary: The Winona housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3627-25.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winona, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Winona in November 2024, down by 25.0% month-over-month. Of the 27 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.

Days on Market for Winona, MN

How long does it take to sell a home in Winona, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days37 Days+79.2%

Summary: Homes in Winona had an average of 37 days on market in Nov 2024, up by 79.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winona are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in Winona; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Winona, MN

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