Is Renville County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Renville County was a Seller's Market.
Key Takeaway
Renville County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Renville County, MN
How much do homes in Renville County, MN cost?
Median Sold Price
$155,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Renville County have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Renville County was $155,000 in April 2024, up 7.6% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $39.5K | -65.9% |
| 2 Bedrooms | $119K | $119K | 0.0% |
| 3 Bedrooms | $138.2K | $155K | +12.1% |
| 4 Bedrooms | $193.7K | $193.2K | -0.3% |
| 5+ Bedrooms | $164.9K | $250K | +51.6% |
Summary: Renville County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 51.6%.
Median Sold Price Compared To Nearby Counties
| Kandiyohi County | $230K | $264.9K | +15.2% |
| Brown County | $165K | $188.2K | +14.1% |
| Renville County | $144K | $155K | +7.6% |
| Yellow Medicine County | $134.9K | $145K | +7.5% |
| Redwood County | $139.4K | $145.6K | +4.4% |
Housing Supply in Renville County, MN
How many homes are available in Renville County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 47 | +20.5% |
Summary: The Renville County real estate market had 47 homes for sale in April 2024, a 20.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Renville County housing inventory by bedroom type for April 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 23.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Renville County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Renville County in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Renville County, MN
How long does it take to sell a home in Renville County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 41 Days | -33.6% |
Summary: Homes in Renville County had an average of 41 days on market in Apr 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Renville County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Renville County; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
