$1,188 Closing Credit*
$100,000
2,040 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is Yellow Medicine 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, Yellow Medicine County was a Seller's Market.
Key Takeaway
Yellow Medicine County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Yellow Medicine County, MN
How much do homes in Yellow Medicine County, MN cost?
Median Sold Price
$159,650
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,400(+12.2%)
Key Takeaway
Homes in Yellow Medicine County have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Yellow Medicine County was $159,650 in November 2024, up 12.2% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $80K | $118K | +47.5% |
| 3 Bedrooms | $146.5K | $160K | +9.2% |
| 4 Bedrooms | $179.5K | $163K | -9.2% |
| 5+ Bedrooms | $136.5K | $206.5K | +51.3% |
Summary: Yellow Medicine County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 51.3%.
Median Sold Price Compared To Nearby Counties
| Yellow Medicine County | $142.2K | $159.6K | +12.2% |
| Lac qui Parle County | $130K | $144.9K | +11.5% |
| Redwood County | $140K | $154.5K | +10.4% |
| Lincoln County | $136.4K | $137.5K | +0.8% |
| Chippewa County | $169.2K | $165K | -2.5% |
Housing Supply in Yellow Medicine County, MN
How many homes are available in Yellow Medicine County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The Yellow Medicine County real estate market had 46 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Yellow Medicine County 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 increased by 11.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Yellow Medicine County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Yellow Medicine County in November 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Yellow Medicine County, MN
How long does it take to sell a home in Yellow Medicine County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 85 Days | +248.0% |
Summary: Homes in Yellow Medicine County had an average of 85 days on market in Nov 2024, up by 248% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Yellow Medicine County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Yellow Medicine County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
