Is Olmsted County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
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
$311,893
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Key Takeaway
Homes in Olmsted County have sold for 2.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $117.6K | $122K | +3.7% |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $266K | $272.5K | +2.4% |
| 4 Bedrooms | $340K | $359.1K | +5.6% |
| 5+ Bedrooms | $520K | $530K | +1.9% |
Median Sold Price Compared To Nearby Counties
| Mower County | $155.4K | $172.6K | +11.0% |
| Wabasha County | $245K | $269.9K | +10.2% |
| Goodhue County | $275K | $285K | +3.6% |
| Olmsted County | $304.8K | $311.8K | +2.3% |
| Dodge County | $260K | $261.1K | 0.4% |
How many homes are available in Olmsted County, MN?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 726 | 798 | +9.9% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 136 | 139 | +2.2% |
| 3 Bedrooms | 214 | 231 | +7.9% |
| 4 Bedrooms | 230 | 265 | +15.2% |
| 5+ Bedrooms | 135 | 149 | +10.4% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 147 | 197 | +34.0% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olmsted County, you could pay more than the asking price. 40.1% of homes here sold above asking price last month.
How long does it take to sell a home in Olmsted County, MN?
How long does it take to sell a home in Olmsted County, MN?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 13 Days | 25 Days | +88.6% |
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olmsted County are selling fast, if you're buying plan to act quickly.
