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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nicollet County is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Nicollet County, MN

How much do homes in Nicollet County, MN cost?

Median Sold Price

$276,680

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$16,680(+6.4%)

Key Takeaway

Homes in Nicollet County have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Nicollet County was $276,680 in February 2024, up 6.4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $254.5K$201K
-21.0%
3 $220K$227K
+3.2%
4 $317K$324K
+2.2%
5+ $362.2K$345K
-4.7%

Summary: Nicollet County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Counties

Nicollet County
+6.4%
Le Sueur County
+5.5%
Blue Earth County
-3.8%
Sibley County
-4.4%

Housing Supply in Nicollet County, MN

How many homes are available in Nicollet County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2629+11.5%

Summary: The Nicollet County real estate market had 29 homes for sale in February 2024, a 11.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 810
+25.0%
4 66
0.0%
5+ 55
0.0%

Summary: The Nicollet County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Nicollet County in February 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Nicollet County, MN

How long does it take to sell a home in Nicollet County, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
63 Days62 Days-1.8%

Summary: Homes in Nicollet County had an average of 62 days on market in Feb 2024, down by 1.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nicollet County has remained consistent over time.

Summary: During February 2024, 6 homes were sold in Nicollet County; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Nicollet County, MN

Nearby Markets to Nicollet County, MN

What housing markets are near Nicollet County, MN?