Is Lac qui Parle County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lac qui Parle County was a Seller's Market.
Key Takeaway
Lac qui Parle County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lac qui Parle County, MN
How much do homes in Lac qui Parle County, MN cost?
Median Sold Price
$130,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lac qui Parle County have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Lac qui Parle County was $130,000 in April 2024, up 17.5% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44.5K | $68.5K | +53.9% |
| 2 Bedrooms | $77.6K | $130K | +67.5% |
| 3 Bedrooms | $112.2K | $110K | -2.0% |
| 4 Bedrooms | $167K | $162K | -3.0% |
| 5+ Bedrooms | $226.4K | $304K | +34.3% |
Summary: Lac qui Parle County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.9%, 2 bedroom homes increased by 67.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Counties
| Lac qui Parle County | $110.6K | $130K | +17.5% |
| Chippewa County | $149.9K | $172K | +14.7% |
| Yellow Medicine County | $134.9K | $145K | +7.5% |
| Swift County | $135.1K | $134K | -0.8% |
| Big Stone County | $161K | $148K | -8.1% |
Housing Supply in Lac qui Parle County, MN
How many homes are available in Lac qui Parle County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Summary: The Lac qui Parle County real estate market had 24 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lac qui Parle County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lac qui Parle County, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lac qui Parle County in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lac qui Parle County, MN
How long does it take to sell a home in Lac qui Parle County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 150 Days | +95.7% |
Summary: Homes in Lac qui Parle County had an average of 150 days on market in Apr 2024, up by 95.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lac qui Parle County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Lac qui Parle County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
