Is Cottonwood County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cottonwood County was a Buyer's Market.
Key Takeaway
Cottonwood County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cottonwood County, MN
How much do homes in Cottonwood County, MN cost?
Median Sold Price
$159,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cottonwood County have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Cottonwood County was $159,000 in March 2024, down 1.2% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54K | $77K | +42.6% |
| 2 Bedrooms | $102.8K | $121.9K | +18.6% |
| 3 Bedrooms | $172K | $145K | -15.7% |
| 4 Bedrooms | $202.5K | $186K | -8.1% |
| 5+ Bedrooms | $222.5K | $200K | -10.1% |
Summary: Cottonwood County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $122.5K | $145K | +18.4% |
| Murray County | $121.2K | $129.9K | +7.1% |
| Redwood County | $139.4K | $142.5K | +2.2% |
| Cottonwood County | $161K | $159K | -1.2% |
Housing Supply in Cottonwood County, MN
How many homes are available in Cottonwood County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The Cottonwood County real estate market had 62 homes for sale in March 2024, a 4.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Cottonwood County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood County, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cottonwood County in March 2024, the same as the previous month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Cottonwood County, MN
How long does it take to sell a home in Cottonwood County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 132 Days | +87.7% |
Summary: Homes in Cottonwood County had an average of 132 days on market in Mar 2024, up by 87.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cottonwood County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Cottonwood County; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
