Is Nobles County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2022
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
How much do homes in Nobles County, MN cost?
Median Sold Price
$195,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2022
Key Takeaway
The sold price of homes in Nobles County has remained the same since last year.
Summary: The median home sold price in Nobles County was $195,000 in September 2023, up 0.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73K | $112K | +53.4% |
| 2 Bedrooms | $129.5K | $137K | +5.8% |
| 3 Bedrooms | $197.5K | $200K | +1.3% |
| 4 Bedrooms | $240K | $283.5K | +18.1% |
| 5+ Bedrooms | $286.2K | $325K | +13.5% |
Summary: Nobles County housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes increased by 53.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $119K | $145K | +21.8% |
| Nobles County | $194.7K | $195K | 0.1% |
| Rock County | $175K | $165.2K | -5.6% |
| Murray County | $148K | $125K | -15.5% |
Housing Supply
How many homes are available in Nobles County, MN?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The Nobles County real estate market had 52 homes for sale in September 2023, a 1.9% decrease compared to August 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 5 | -54.5% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Nobles County housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 54.5%, 3 bedroom homes increased by 22.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nobles County, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Nobles County in September 2023, down by 28.6% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market
How long does it take to sell a home in Nobles County, MN?
Average Sale Time
| Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|
| 22 Days | 28 Days | +28.2% |
Summary: Homes in Nobles County had an average of 28 days on market in Sep 2023, up by 28.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Nobles County are selling fast, if you're buying plan to act quickly.
Summary: During September 2023, 10 homes were sold in Nobles County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. as distributed by MLS GRID.
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.