Is McLeod County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McLeod County has remained a Seller's Market.
Key Takeaway
McLeod County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLeod County, MN
How much do homes in McLeod County, MN cost?
Median Sold Price
$254,725
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in McLeod County have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in McLeod County was $254,725 in April 2024, up 1.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $126.5K | +10.0% |
| 2 Bedrooms | $224K | $215K | -4.0% |
| 3 Bedrooms | $235K | $245K | +4.3% |
| 4 Bedrooms | $285K | $290K | +1.8% |
| 5+ Bedrooms | $390K | $325K | -16.7% |
Summary: McLeod County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $242K | $264.2K | +9.2% |
| Wright County | $363.6K | $375.7K | +3.3% |
| McLeod County | $249.9K | $254.7K | +1.9% |
| Carver County | $433.2K | $435.1K | 0.4% |
| Sibley County | $220K | $218K | -0.9% |
Housing Supply in McLeod County, MN
How many homes are available in McLeod County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 99 | 132 | +33.3% |
Summary: The McLeod County real estate market had 132 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 26 | +62.5% |
| 3 Bedrooms | 43 | 51 | +18.6% |
| 4 Bedrooms | 33 | 44 | +33.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The McLeod County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLeod County, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in McLeod County in April 2024, up by 45.0% month-over-month. Of the 29 sold homes, 24% were sold under asking, 28% were sold at asking, and 48% were sold over asking.
Days on Market for McLeod County, MN
How long does it take to sell a home in McLeod County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -29.4% |
Summary: Homes in McLeod County had an average of 28 days on market in Apr 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLeod County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in McLeod County; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
