Is Cottonwood County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cottonwood County has remained a Buyer's Market.
Housing Prices in Cottonwood County, MN
How much do homes in Cottonwood County, MN cost?
Median Sold Price
$159,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cottonwood County was $159,000 in April 2024, down 1.2% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | $77K | +32.8% |
2 Bedrooms | $113K | $121.9K | +7.9% |
3 Bedrooms | $164K | $145K | -11.6% |
4 Bedrooms | $205K | $185K | -9.8% |
5+ Bedrooms | $205K | $205K | 0.0% |
Summary: Cottonwood County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.8%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Jackson County | $125K | $142.5K | +14.0% |
Redwood County | $139.4K | $145.6K | +4.4% |
Murray County | $125.6K | $129.9K | +3.5% |
Cottonwood County | $161K | $159K | -1.2% |
Housing Supply in Cottonwood County, MN
How many homes are available in Cottonwood County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 59 | +3.5% |
Summary: The Cottonwood County real estate market had 59 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cottonwood 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 increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cottonwood County in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Cottonwood County, MN
How long does it take to sell a home in Cottonwood County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 105 Days | +682.2% |
Summary: Homes in Cottonwood County had an average of 105 days on market in Apr 2024, up by 682.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Cottonwood County; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.