Is Renville County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Renville County has remained a Neutral Market.
Housing Prices in Renville County, MN
How much do homes in Renville County, MN cost?
Median Sold Price
$150,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Renville County was $150,000 in March 2024, up 2% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $39.5K | N/A |
2 Bedrooms | $118.5K | $114.5K | -3.4% |
3 Bedrooms | $138K | $151K | +9.4% |
4 Bedrooms | $192.5K | $190.7K | -0.9% |
5+ Bedrooms | $245K | $250K | +2.0% |
Summary: Renville County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
Brown County | $147.4K | $189.9K | +28.8% |
Kandiyohi County | $230K | $257.2K | +11.8% |
Yellow Medicine County | $134.9K | $145K | +7.5% |
Redwood County | $139.4K | $142.5K | +2.2% |
Renville County | $147K | $150K | +2.0% |
Housing Supply in Renville County, MN
How many homes are available in Renville County, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 38 | +40.7% |
Summary: The Renville County real estate market had 38 homes for sale in March 2024, a 40.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Renville County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Renville County in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Renville County, MN
How long does it take to sell a home in Renville County, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 20 Days | -74.2% |
Summary: Homes in Renville County had an average of 20 days on market in Mar 2024, down by 74.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Renville County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.