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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nobles County is a seller's market

Buyer's
Market

Difference Since April 2021

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.

How much do homes in Nobles County, MN cost?

Median Sold Price

$195,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$24,000(+14.0%)

Key Takeaway

Homes in Nobles County have sold for 14% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $98K$67K
-31.6%
2 $115K$127.5K
+10.9%
3 $165.7K$196.2K
+18.4%
4 $207.5K$245K
+18.1%
5+ $240K$289K
+20.4%

Median Sold Price Compared To Nearby Counties

Rock County
+20.2%
Nobles County
+14.0%
Jackson County
-6.7%
Murray County
-14.6%

How many homes are available in Nobles County, MN?

Number of Homes For Sale

Mar 2022Apr 2022%
5249-5.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 12
+100.0%
2 1611
-31.3%
3 2826
-7.1%
4 69
+50.0%
5+ 11
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
1217+41.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nobles County, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
69 Days35 Days-48.8%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nobles County are selling fast, if you're buying plan to act quickly.

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

About Nobles County, MN

Number of homes for sale in Nobles County, MN real estate market have reached 49. The inventory of homes for sale in Nobles County, MN between March 2022 and April 2022 decreased by 5.8%. While the average time on the market in April 2022 was 35 days, the median list price was $195,000. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 31.6%, the cost of 2 bedrooms properties went up by 10.9%, 3 bedrooms properties prices increased by 18.4%, prices of 4 bedrooms properties increased by 18.1%, prices of 5 bedrooms properties went up by 20.4%. This housing market inventory have changed: volume of 1 bedroom homes went up by 100%, volume of 2 bedrooms homes went down by 31.3%, 3 bedrooms homes inventory decreased by 7.1%, number of 4 bedrooms homes increased by 50%, 5 bedrooms homes did not move. Nobles County, MN housing market in April 2022 saw over 7 listings sold above listed price, more than 2 sold at listed price and over 8 sold below.

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