Is Nobles 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, Nobles County was a Seller's Market.
Housing Prices in Nobles County, MN
How much do homes in Nobles County, MN cost?
Median Sold Price
$226,450
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nobles County was $226,450 in April 2024, up 16.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.5K | $109K | +9.5% |
2 Bedrooms | $130K | $175K | +34.6% |
3 Bedrooms | $203K | $212.5K | +4.7% |
4 Bedrooms | $262.5K | $290K | +10.5% |
5+ Bedrooms | $305K | $368.5K | +20.8% |
Summary: Nobles County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Counties
Nobles County | $195K | $226.4K | +16.1% |
Jackson County | $125K | $142.5K | +14.0% |
Murray County | $125.6K | $129.9K | +3.5% |
Rock County | $180K | $167K | -7.2% |
Housing Supply in Nobles County, MN
How many homes are available in Nobles County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 62 | +5.1% |
Summary: The Nobles County real estate market had 62 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 23 | 20 | -13.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Nobles County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Nobles County in April 2024, down by 33.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Nobles County, MN
How long does it take to sell a home in Nobles County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 83 Days | +29.5% |
Summary: Homes in Nobles County had an average of 83 days on market in Apr 2024, up by 29.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Nobles County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.