$90,000
Land
Listing Office: Lakes Area Realty
Is Winsted, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Winsted was a Seller's Market.
Key Takeaway
Winsted is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Winsted, MN
How much do homes in Winsted, MN cost?
Median Sold Price
$285,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,750(+7.0%)
Key Takeaway
Homes in Winsted have sold for 7% more than they did a year ago.
Summary: The median home sold price in Winsted was $285,000 in October 2024, up 7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $207.5K | $226K | +8.9% |
| 3 Bedrooms | $256.2K | $240K | -6.3% |
| 4 Bedrooms | $294K | $359.9K | +22.4% |
| 5+ Bedrooms | - | $486.9K | N/A |
Summary: Winsted housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Winsted | $266.2K | $285K | +7.0% |
| Winsted Township | $280.2K | $281K | 0.3% |
Housing Supply in Winsted, MN
How many homes are available in Winsted, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Winsted real estate market had 11 homes for sale in October 2024, a 22.2% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Winsted 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 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Winsted, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Winsted in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Winsted, MN
How long does it take to sell a home in Winsted, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 1 Day | -95.0% |
Summary: Homes in Winsted had an average of 1 days on market in Oct 2024, down by 95% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Winsted are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Winsted; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
