Is Stewartville, 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, Stewartville has remained a Seller's Market.
Key Takeaway
Stewartville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stewartville, MN
How much do homes in Stewartville, MN cost?
Median Sold Price
$280,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Stewartville have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Stewartville was $280,000 in March 2024, up 0.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.1K | $245K | -0.9% |
| 3 Bedrooms | $252.5K | $260K | +3.0% |
| 4 Bedrooms | $306.1K | $295K | -3.6% |
| 5+ Bedrooms | $520K | $404.4K | -22.2% |
Summary: Stewartville 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 0.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 22.2%.
Housing Supply in Stewartville, MN
How many homes are available in Stewartville, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The Stewartville real estate market had 49 homes for sale in March 2024, a 14.0% 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 | 16 | 15 | -6.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Stewartville 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 decreased by 6.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stewartville, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Stewartville in March 2024, up by 166.7% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Stewartville, MN
How long does it take to sell a home in Stewartville, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 47 Days | -48.3% |
Summary: Homes in Stewartville had an average of 47 days on market in Mar 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stewartville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Stewartville; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
