Is Brown County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brown County has remained a Seller's Market.
Housing Prices in Brown County, MN
How much do homes in Brown County, MN cost?
Median Sold Price
$188,250
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brown County was $188,250 in May 2024, up 14.1% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | $38.5K | -33.6% |
2 Bedrooms | $79K | $86.5K | +9.5% |
3 Bedrooms | $165K | $188.2K | +14.1% |
4 Bedrooms | $175K | $234.9K | +34.2% |
5+ Bedrooms | $129.5K | $302K | +133.2% |
Summary: Brown County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 133.2%.
Median Sold Price Compared To Nearby Counties
Watonwan County | $170K | $198K | +16.5% |
Brown County | $165K | $188.2K | +14.1% |
Redwood County | $137.2K | $149.2K | +8.8% |
Renville County | $147K | $155K | +5.4% |
Nicollet County | $266.5K | $276.3K | +3.7% |
Housing Supply in Brown County, MN
How many homes are available in Brown County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Summary: The Brown County real estate market had 26 homes for sale in May 2024, a 4.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brown County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Brown County in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Brown County, MN
How long does it take to sell a home in Brown County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 19 Days | -55.7% |
Summary: Homes in Brown County had an average of 19 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Brown County; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.