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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pope County is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Pope County has remained a Buyer's Market.

Key Takeaway

Pope County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pope County, MN

How much do homes in Pope County, MN cost?

Median Sold Price

$234,750

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,750(+4.3%)

Key Takeaway

Homes in Pope County have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Pope County was $234,750 in February 2024, up 4.3% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $80K$278.7K
+248.4%
2 $180K$219.9K
+22.2%
3 $220.5K$205K
-7.0%
4 $243.5K$260K
+6.8%
5+ $295K$500K
+69.5%

Summary: Pope County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 248.4%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 69.5%.

Median Sold Price Compared To Nearby Counties

Douglas County
+18.5%
Stevens County
+11.1%
Pope County
+4.3%
Stearns County
+3.1%
Swift County
+1.9%

Housing Supply in Pope County, MN

How many homes are available in Pope County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2336+56.5%

Summary: The Pope County real estate market had 36 homes for sale in February 2024, a 56.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 24
+100.0%
2 33
0.0%
3 512
+140.0%
4 810
+25.0%
5+ 57
+40.0%

Summary: The Pope County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 140%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pope County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Pope County in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pope County, MN

How long does it take to sell a home in Pope County, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
33 Days71 Days+115.2%

Summary: Homes in Pope County had an average of 71 days on market in Feb 2024, up by 115.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pope County has remained consistent over time.

Summary: During February 2024, 2 homes were sold in Pope County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Pope County, MN

Nearby Markets to Pope County, MN

What housing markets are near Pope County, MN?