Is Willmar, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Willmar has remained a Seller's Market.
Housing Prices in Willmar, MN
How much do homes in Willmar, MN cost?
Median Sold Price
$223,300
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Willmar was $223,300 in February 2024, up 4.6% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $173.5K | +92.8% |
2 Bedrooms | $170K | $166.3K | -2.1% |
3 Bedrooms | $205K | $214K | +4.4% |
4 Bedrooms | $261K | $270K | +3.4% |
5+ Bedrooms | $281.2K | $280K | -0.4% |
Summary: Willmar housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Willmar | $213.5K | $223.3K | +4.6% |
Willmar Township | $215K | $222.9K | +3.6% |
Housing Supply in Willmar, MN
How many homes are available in Willmar, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 44 | +7.3% |
Summary: The Willmar real estate market had 44 homes for sale in February 2024, a 7.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Willmar 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 remained the same, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Willmar in February 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Willmar, MN
How long does it take to sell a home in Willmar, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 23 Days | -49.0% |
Summary: Homes in Willmar had an average of 23 days on market in Feb 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Willmar; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.