Is Martin County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Martin County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Martin County has remained a Seller's Market.

Key Takeaway

Martin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Martin County, MN cost?

Median Sold Price

$150,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$4,100(+2.8%)

Key Takeaway

Homes in Martin County have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $58.5K$63K
+7.7%
2 $104K$116K
+11.5%
3 $145K$155K
+6.9%
4 $200K$163.8K
-18.1%
5+ $235K$296.4K
+26.1%

Median Sold Price Compared To Nearby Counties

Faribault County
+10.0%
Martin County
+2.8%
Watonwan County
-1.2%
Jackson County
-19.8%

How many homes are available in Martin County, MN?

Number of Homes For Sale

Aug 2022Sep 2022%
7165-8.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 2218
-18.2%
3 3129
-6.5%
4 1312
-7.7%
5+ 46
+50.0%

Number of Homes Sold

Aug 2022Sep 2022%
2916-44.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Martin County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days37 Days+126.5%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Martin County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Martin County, MN

Martin County, MN has 65 homes for sale to choose from. The inventory of homes for sale in Martin County, MN between August 2022 and September 2022 decreased by 8.5%. Listings spent 37 days on the market in September 2022, and had a median list price of $150,000 during the same period. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 7.7% more expensive, 2 bedrooms properties became 11.5% more expensive, prices of 3 bedrooms properties went up by 6.9%, the cost of 4 bedrooms properties went down by 18.1%, the cost of 5 bedrooms properties went up by 26.1%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 100%, the quantity of 2 bedrooms homes went down by 18.2%, number of 3 bedrooms homes decreased by 6.5%, 4 bedrooms homes became 7.7% less available, the quantity of 5 bedrooms homes went up by 50%. Martin County, MN housing market in September 2022 saw over 6 listings sold above listed price, more than 2 sold at listed price and over 8 sold below.

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