Is Meeker 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, Meeker County has remained a Seller's Market.
Key Takeaway
Meeker County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meeker County, MN
How much do homes in Meeker County, MN cost?
Median Sold Price
$264,700
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Meeker County have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Meeker County was $264,700 in March 2024, up 12.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.5K | $172.5K | +141.3% |
| 2 Bedrooms | $245K | $240K | -2.0% |
| 3 Bedrooms | $210K | $238K | +13.3% |
| 4 Bedrooms | $280K | $301.3K | +7.6% |
| 5+ Bedrooms | $369K | $337.5K | -8.5% |
Summary: Meeker County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $234.5K | $264.7K | +12.9% |
| Kandiyohi County | $230K | $257.2K | +11.8% |
| Wright County | $360.1K | $377.3K | +4.8% |
| McLeod County | $250K | $260.1K | +4.0% |
| Stearns County | $261.7K | $268.1K | +2.5% |
Housing Supply in Meeker County, MN
How many homes are available in Meeker County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 60 | +5.3% |
Summary: The Meeker County real estate market had 60 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Meeker County 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 41.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meeker County, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Meeker County in March 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for Meeker County, MN
How long does it take to sell a home in Meeker County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 31 Days | -18.0% |
Summary: Homes in Meeker County had an average of 31 days on market in Mar 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Meeker County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Meeker County; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
