Is Todd County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Todd County was a Seller's Market.
Housing Prices in Todd County, MN
How much do homes in Todd County, MN cost?
Median Sold Price
$200,185
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Todd County was $200,185 in February 2024, up 0.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $119.2K | -4.6% |
2 Bedrooms | $160K | $136.5K | -14.7% |
3 Bedrooms | $177.9K | $220K | +23.7% |
4 Bedrooms | $285K | $235.5K | -17.4% |
5+ Bedrooms | $410K | $365K | -11.0% |
Summary: Todd County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Counties
Morrison County | $234.2K | $253.7K | +8.3% |
Otter Tail County | $254.5K | $269.3K | +5.8% |
Stearns County | $260.5K | $268.5K | +3.1% |
Wadena County | $179.9K | $185.3K | +3.0% |
Todd County | $199.5K | $200.1K | 0.3% |
Housing Supply in Todd County, MN
How many homes are available in Todd County, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 51 | +10.9% |
Summary: The Todd County real estate market had 51 homes for sale in February 2024, a 10.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Todd County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Todd County in February 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Todd County, MN
How long does it take to sell a home in Todd County, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 70 Days | +66.6% |
Summary: Homes in Todd County had an average of 70 days on market in Feb 2024, up by 66.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Todd County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.