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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Todd County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Todd County was a Seller's Market.

Key Takeaway

Todd County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$685(+0.3%)

Key Takeaway

The sold price of homes in Todd County has remained the same since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $125K$119.2K
-4.6%
2 $160K$136.5K
-14.7%
3 $177.9K$220K
+23.7%
4 $285K$235.5K
-17.4%
5+ $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
+8.3%
Otter Tail County
+5.8%
Stearns County
+3.1%
Wadena County
+3.0%
Todd County
0.3%

Housing Supply in Todd County, MN

How many homes are available in Todd County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4651+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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 87
-12.5%
3 1824
+33.3%
4 1112
+9.1%
5+ 76
-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 2024Feb 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Todd County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
42 Days70 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Todd County, MN

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