Is Wilkin 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, Wilkin County has remained a Buyer's Market.
Key Takeaway
Wilkin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wilkin County, MN
How much do homes in Wilkin County, MN cost?
Median Sold Price
$152,000
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wilkin County have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Wilkin County was $152,000 in March 2024, down 3.8% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $33.5K | -43.2% |
| 2 Bedrooms | $99.9K | $90K | -9.9% |
| 3 Bedrooms | $158K | $130.7K | -17.2% |
| 4 Bedrooms | $195K | $227K | +16.4% |
| 5+ Bedrooms | $249.9K | $325K | +30.0% |
Summary: Wilkin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.2%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Counties
| Grant County | $152.9K | $175.4K | +14.7% |
| Richland County | $190K | $214.9K | +13.1% |
| Clay County | $245K | $264.4K | +7.9% |
| Otter Tail County | $254K | $272.9K | +7.5% |
| Wilkin County | $158K | $152K | -3.8% |
Housing Supply in Wilkin County, MN
How many homes are available in Wilkin County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Wilkin County real estate market had 30 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wilkin County 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilkin County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wilkin County in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Wilkin County, MN
How long does it take to sell a home in Wilkin County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 63 Days | +152.0% |
Summary: Homes in Wilkin County had an average of 63 days on market in Mar 2024, up by 152% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wilkin County has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Wilkin County; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
