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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olmsted County is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Olmsted County, MN cost?

Median Sold Price

$299,995

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$36,005(+13.6%)

Key Takeaway

Homes in Olmsted County have sold for 13.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $100K$120K
+20.0%
2 $189.9K$215K
+13.2%
3 $234.9K$262K
+11.5%
4 $307.3K$335.1K
+9.0%
5+ $430.1K$525K
+22.0%

Median Sold Price Compared To Nearby Counties

Goodhue County
+16.0%
Wabasha County
+13.8%
Olmsted County
+13.6%
Mower County
+10.7%
Dodge County
+8.3%

How many homes are available in Olmsted County, MN?

Number of Homes For Sale

Mar 2022Apr 2022%
648794+22.5%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 811
+37.5%
2 105133
+26.7%
3 191224
+17.3%
4 226296
+31.0%
5+ 118130
+10.2%

Number of Homes Sold

Mar 2022Apr 2022%
158192+21.5%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

122 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olmsted County, you could pay more than the asking price. 63.5% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
24 Days21 Days-14.8%

Breakdown of Home Sale Times

161 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olmsted 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 Olmsted County, MN

Homes for sale in Olmsted County, MN have reached 794. The inventory of homes for sale in Olmsted County, MN between March 2022 and April 2022 increased by 22.5%. The median list price of listings available in April 2022 was $299,995, while the average time on the real estate market was 21 days. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 20% more expensive, the cost of 2 bedrooms properties went up by 13.2%, the cost of 3 bedrooms properties went up by 11.5%, prices of 4 bedrooms properties increased by 9%, 5 bedrooms properties prices increased by 22%. Volume of homes for sale changed: number of 1 bedroom homes increased by 37.5%, 2 bedrooms homes became 26.7% more available, the quantity of 3 bedrooms homes went up by 17.3%, volume of 4 bedrooms homes went up by 31%, the quantity of 5 bedrooms homes went up by 10.2%. Olmsted County, MN housing market in April 2022 saw over 122 listings sold above listed price, more than 27 sold at listed price and over 43 sold below.

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