Is Jackson County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jackson County was a Seller's Market.
Housing Prices in Jackson County, MN
How much do homes in Jackson County, MN cost?
Median Sold Price
$137,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson County was $137,000 in May 2024, up 1.6% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $90.4K | N/A |
2 Bedrooms | $93K | $119K | +28.0% |
3 Bedrooms | $157.5K | $143.5K | -8.9% |
4 Bedrooms | $115K | $167.5K | +45.7% |
5+ Bedrooms | $164K | $154K | -6.1% |
Summary: Jackson 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 increased by 28%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Counties
Nobles County | $195K | $228K | +16.9% |
Jackson County | $134.9K | $137K | +1.6% |
Cottonwood County | $165K | $159K | -3.6% |
Housing Supply in Jackson County, MN
How many homes are available in Jackson County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The Jackson County real estate market had 16 homes for sale in May 2024, a 5.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Jackson 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 increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Jackson County in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Jackson County, MN
How long does it take to sell a home in Jackson County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
156 Days | 73 Days | -53.2% |
Summary: Homes in Jackson County had an average of 73 days on market in May 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Jackson County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.