Is Nobles 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, Nobles County has remained a Seller's Market.
Key Takeaway
Nobles County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nobles County, MN
How much do homes in Nobles County, MN cost?
Median Sold Price
$210,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nobles County have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Nobles County was $210,000 in March 2024, up 6.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84K | $112K | +33.3% |
| 2 Bedrooms | $132.2K | $174K | +31.6% |
| 3 Bedrooms | $200K | $215K | +7.5% |
| 4 Bedrooms | $267K | $281K | +5.2% |
| 5+ Bedrooms | $325K | $368.5K | +13.4% |
Summary: Nobles County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $122.5K | $145K | +18.4% |
| Murray County | $121.2K | $129.9K | +7.1% |
| Nobles County | $197K | $210K | +6.6% |
| Rock County | $180K | $165K | -8.3% |
Housing Supply in Nobles County, MN
How many homes are available in Nobles County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The Nobles County real estate market had 55 homes for sale in March 2024, a 3.5% decrease 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 | 10 | 6 | -40.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Nobles 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 decreased by 40%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nobles County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Nobles County in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Nobles County, MN
How long does it take to sell a home in Nobles County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 80 Days | +98.5% |
Summary: Homes in Nobles County had an average of 80 days on market in Mar 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nobles County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Nobles County; 47% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.