Is Meeker County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Meeker County has remained a Seller's Market.
Housing Prices in Meeker County, MN
How much do homes in Meeker County, MN cost?
Median Sold Price
$264,200
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Meeker County was $264,200 in May 2024, up 10.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $172.5K | +103.0% |
2 Bedrooms | $229.6K | $239.9K | +4.5% |
3 Bedrooms | $212.5K | $238.5K | +12.2% |
4 Bedrooms | $295K | $312K | +5.8% |
5+ Bedrooms | $380K | $337.5K | -11.2% |
Summary: Meeker County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Counties
Kandiyohi County | $231K | $263.6K | +14.2% |
Meeker County | $239.9K | $264.2K | +10.1% |
Wright County | $364.8K | $375.5K | +2.9% |
Stearns County | $263.2K | $269.5K | +2.4% |
McLeod County | $249.9K | $254K | +1.6% |
Housing Supply in Meeker County, MN
How many homes are available in Meeker County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 81 | +30.6% |
Summary: The Meeker County real estate market had 81 homes for sale in May 2024, a 30.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 24 | 31 | +29.2% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Meeker County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Meeker County in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Meeker County, MN
How long does it take to sell a home in Meeker County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 37 Days | +23.9% |
Summary: Homes in Meeker County had an average of 37 days on market in May 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Meeker County; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.