Is Kandiyohi County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kandiyohi County has remained a Seller's Market.
Key Takeaway
Kandiyohi County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kandiyohi County, MN
How much do homes in Kandiyohi County, MN cost?
Median Sold Price
$257,250
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kandiyohi County have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Kandiyohi County was $257,250 in March 2024, up 11.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.2K | $322K | +82.7% |
| 2 Bedrooms | $195K | $175.7K | -9.9% |
| 3 Bedrooms | $218.5K | $233K | +6.6% |
| 4 Bedrooms | $275K | $285K | +3.6% |
| 5+ Bedrooms | $325K | $430K | +32.3% |
Summary: Kandiyohi County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.7%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 32.3%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $234.5K | $264.7K | +12.9% |
| Kandiyohi County | $230K | $257.2K | +11.8% |
| Stearns County | $261.7K | $268.1K | +2.5% |
| Renville County | $147K | $150K | +2.0% |
| Swift County | $133.6K | $133K | -0.4% |
Housing Supply in Kandiyohi County, MN
How many homes are available in Kandiyohi County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 102 | 120 | +17.6% |
Summary: The Kandiyohi County real estate market had 120 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 40 | 50 | +25.0% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Kandiyohi County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kandiyohi County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Kandiyohi County in March 2024, up by 14.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Kandiyohi County, MN
How long does it take to sell a home in Kandiyohi County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 49 Days | -8.6% |
Summary: Homes in Kandiyohi County had an average of 49 days on market in Mar 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kandiyohi County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Kandiyohi County; 46% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
