Is Swift 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, Swift County has remained a Seller's Market.
Key Takeaway
Swift County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swift County, MN
How much do homes in Swift County, MN cost?
Median Sold Price
$133,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Swift County has remained the same since last year.
Summary: The median home sold price in Swift County was $133,000 in March 2024, down 0.4% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78K | $62.5K | -19.9% |
| 2 Bedrooms | $75K | $97.5K | +30.0% |
| 3 Bedrooms | $120.8K | $123.7K | +2.4% |
| 4 Bedrooms | $193.9K | $222.4K | +14.7% |
| 5+ Bedrooms | $273.2K | $204.9K | -25.0% |
Summary: Swift County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Counties
| Stevens County | $155K | $186K | +20.0% |
| Chippewa County | $150K | $176.4K | +17.6% |
| Lac qui Parle County | $110.6K | $130K | +17.5% |
| Pope County | $225K | $242K | +7.6% |
| Swift County | $133.6K | $133K | -0.4% |
Housing Supply in Swift County, MN
How many homes are available in Swift County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Swift County real estate market had 35 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Swift County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Swift 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 Swift County in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Swift County, MN
How long does it take to sell a home in Swift County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 85 Days | +51.7% |
Summary: Homes in Swift County had an average of 85 days on market in Mar 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Swift County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Swift County; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
