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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winthrop is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Winthrop has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Winthrop, MN

How much do homes in Winthrop, MN cost?

Median Sold Price

$185,000

$101/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$45,250(-19.7%)

Key Takeaway

Homes in Winthrop have sold for 19.7% less than they did a month ago.

Summary: The median home sold price in Winthrop was $185,000 in October 2024, down 19.7% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $230.2K$192.5K
-16.4%
4 -$185K
N/A
5+ --
N/A

Summary: Winthrop housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Winthrop, MN

How many homes are available in Winthrop, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The Winthrop real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 53
-40.0%
4 33
0.0%
5+ 01
+100.0%

Summary: The Winthrop 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winthrop, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Winthrop in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Winthrop, MN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
176 Days39 Days-77.5%

Summary: Homes in Winthrop had an average of 39 days on market in Oct 2024, down by 77.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Winthrop; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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