Is Nicollet 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, Nicollet County has remained a Seller's Market.
Key Takeaway
Nicollet County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nicollet County, MN
How much do homes in Nicollet County, MN cost?
Median Sold Price
$276,350
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nicollet County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Nicollet County was $276,350 in May 2024, up 3.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $228.5K | $201K | -12.0% |
| 3 Bedrooms | $232.5K | $238.4K | +2.6% |
| 4 Bedrooms | $317.9K | $310K | -2.5% |
| 5+ Bedrooms | $404K | $344.5K | -14.7% |
Summary: Nicollet County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Counties
| Brown County | $165K | $188.2K | +14.1% |
| Nicollet County | $266.5K | $276.3K | +3.7% |
| Sibley County | $220K | $221.2K | +0.6% |
| Le Sueur County | $285K | $284.9K | 0% |
| Blue Earth County | $296.5K | $291K | -1.9% |
Housing Supply in Nicollet County, MN
How many homes are available in Nicollet County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 56 | +19.1% |
Summary: The Nicollet County real estate market had 56 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 18 | 32 | +77.8% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Nicollet County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 77.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
8 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 Nicollet County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Nicollet County in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Nicollet County, MN
How long does it take to sell a home in Nicollet County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 41 Days | +106.4% |
Summary: Homes in Nicollet County had an average of 41 days on market in May 2024, up by 106.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Nicollet County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Nicollet County; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
