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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Renville County is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Renville County, MN

How much do homes in Renville County, MN cost?

Median Sold Price

$167,500

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$19,950(+13.5%)

Key Takeaway

Homes in Renville County have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Renville County was $167,500 in September 2024, up 13.5% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $77.7K$210K
+170.1%
2 $119K$97K
-18.5%
3 $147K$159.5K
+8.5%
4 $190K$230K
+21.1%
5+ $190K$255K
+34.2%

Summary: Renville County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 170.1%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 34.2%.

Median Sold Price Compared To Nearby Counties

Redwood County
+18.8%
Kandiyohi County
+16.9%
Yellow Medicine County
+16.4%
Renville County
+13.5%
Brown County
+5.9%

Housing Supply in Renville County, MN

How many homes are available in Renville County, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4950+2.0%

Summary: The Renville County real estate market had 50 homes for sale in September 2024, a 2.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 77
0.0%
3 2425
+4.2%
4 1311
-15.4%
5+ 36
+100.0%

Summary: The Renville County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Renville County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Renville County in September 2024, down by 40.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
13 Days24 Days+78.6%

Summary: Homes in Renville County had an average of 24 days on market in Sep 2024, up by 78.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Renville County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 9 homes were sold in Renville County; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Renville County, MN

Nearby Markets to Renville County, MN

What housing markets are near Renville County, MN?