Is Kasson, 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, Kasson was a Seller's Market.
Key Takeaway
Kasson 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 Kasson, MN
How much do homes in Kasson, MN cost?
Median Sold Price
$314,450
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kasson have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Kasson was $314,450 in March 2024, up 10.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $145K | -9.3% |
| 2 Bedrooms | $275K | $295K | +7.3% |
| 3 Bedrooms | $250K | $265K | +6.0% |
| 4 Bedrooms | $306.5K | $324.5K | +5.9% |
| 5+ Bedrooms | $345K | $435.5K | +26.2% |
Summary: Kasson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Mantorville Township | $353.7K | $440K | +24.4% |
| Kasson | $285.7K | $314.4K | +10.1% |
Housing Supply in Kasson, MN
How many homes are available in Kasson, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 39 | +77.3% |
Summary: The Kasson real estate market had 39 homes for sale in March 2024, a 77.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 3 | 8 | +166.7% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kasson 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 increased by 57.1%, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 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 Kasson, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Kasson in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Kasson, MN
How long does it take to sell a home in Kasson, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 35 Days | -36.7% |
Summary: Homes in Kasson had an average of 35 days on market in Mar 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kasson are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Kasson; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
