Is Mower County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Mower County has remained a Seller's Market.
Housing Prices in Mower County, MN
How much do homes in Mower County, MN cost?
Median Sold Price
$184,660
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mower County was $184,660 in February 2024, up 9.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.9K | $56.7K | -24.3% |
2 Bedrooms | $125.5K | $142K | +13.1% |
3 Bedrooms | $169.9K | $175K | +3.0% |
4 Bedrooms | $233.4K | $290K | +24.3% |
5+ Bedrooms | $352.5K | $325K | -7.8% |
Summary: Mower County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Counties
Mower County | $169.1K | $184.6K | +9.2% |
Dodge County | $260K | $277.2K | +6.6% |
Olmsted County | $316.3K | $314.9K | -0.4% |
Housing Supply in Mower County, MN
How many homes are available in Mower County, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
114 | 111 | -2.6% |
Summary: The Mower County real estate market had 111 homes for sale in February 2024, a 2.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 40 | 36 | -10.0% |
4 Bedrooms | 33 | 35 | +6.1% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Mower County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Mower County in February 2024, up by 55.0% month-over-month. Of the 30 sold homes, 60% were sold under asking, 17% were sold at asking, and 23% were sold over asking.
Days on Market for Mower County, MN
How long does it take to sell a home in Mower County, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 46 Days | -12.2% |
Summary: Homes in Mower County had an average of 46 days on market in Feb 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 31 homes were sold in Mower County; 42% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.