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

Housing Market Conditions



Gauge showing Olmsted County is a seller'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



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

# BEDSMay 2022May 2023%
1 $117.6K$122K
2 $220K$225K
3 $266K$272.5K
4 $340K$359.1K
5+ $520K$530K

Median Sold Price Compared To Nearby Counties

Mower County
Wabasha County
Goodhue County
Olmsted County
Dodge County

How many homes are available in Olmsted County, MN?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 1114
2 136139
3 214231
4 230265
5+ 135149

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

79 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. 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 2022May 2023%
13 Days25 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

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.

What housing markets are near Olmsted County, MN?

About Olmsted County, MN

Homes for sale in Olmsted County, MN have reached 798. Between April 2023 and May 2023, Olmsted County, MN real estate market has seen increase in the number of listings by 9.9%. The median list price of listings available in May 2023 was $311,893, while the average time on the real estate market was 25 days. Real estate listing prices changed between April 2023 and May 2023: prices of 1 bedroom properties went up by 3.7%, prices of 2 bedrooms properties increased by 2.3%, prices of 3 bedrooms properties went up by 2.4%, prices of 4 bedrooms properties went up by 5.6%, 5 bedrooms properties prices increased by 1.9%. Volume of homes for sale changed: 1 bedroom homes inventory increased by 27.3%, volume of 2 bedrooms homes went up by 2.2%, volume of 3 bedrooms homes went up by 7.9%, volume of 4 bedrooms homes went up by 15.2%, number of 5 bedrooms homes increased by 10.4%. While more than 79 listings in Olmsted County, MN in May 2023 were sold above asking price, there were more than 53 listings sold at asking price, and more than 65 were sold below.