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 April 2023
Since last year, Yellow Medicine County has remained a Seller's Market.
Housing Prices in Yellow Medicine County, MN
How much do homes in Yellow Medicine County, MN cost?
Median Sold Price
$145,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Yellow Medicine County was $145,000 in April 2024, up 7.5% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $122.5K | +206.3% |
2 Bedrooms | $86.2K | $83.2K | -3.4% |
3 Bedrooms | $137.5K | $152.5K | +10.9% |
4 Bedrooms | $187.2K | $175K | -6.5% |
5+ Bedrooms | $155K | $189K | +21.9% |
Summary: Yellow Medicine County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 206.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Counties
Lac qui Parle County | $110.6K | $130K | +17.5% |
Lincoln County | $121K | $141.2K | +16.7% |
Chippewa County | $149.9K | $172K | +14.7% |
Yellow Medicine County | $134.9K | $145K | +7.5% |
Redwood County | $139.4K | $145.6K | +4.4% |
Housing Supply in Yellow Medicine County, MN
How many homes are available in Yellow Medicine County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Summary: The Yellow Medicine County real estate market had 37 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Yellow Medicine County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Yellow Medicine County in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 86 Days | +7.9% |
Summary: Homes in Yellow Medicine County had an average of 86 days on market in Apr 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Yellow Medicine County; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.