Is Renville 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, Renville County has remained a Seller's Market.
Housing Prices in Renville County, MN
How much do homes in Renville County, MN cost?
Median Sold Price
$155,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Renville County was $155,000 in May 2024, up 5.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $39.5K | -65.9% |
2 Bedrooms | $120K | $109K | -9.2% |
3 Bedrooms | $138.2K | $155K | +12.1% |
4 Bedrooms | $189K | $209.2K | +10.7% |
5+ Bedrooms | $177.4K | $257.5K | +45.1% |
Summary: Renville County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.9%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Counties
Kandiyohi County | $231K | $263.6K | +14.2% |
Brown County | $165K | $188.2K | +14.1% |
Redwood County | $137.2K | $149.2K | +8.8% |
Yellow Medicine County | $135K | $146.2K | +8.3% |
Renville County | $147K | $155K | +5.4% |
Housing Supply in Renville County, MN
How many homes are available in Renville County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 64 | +36.2% |
Summary: The Renville County real estate market had 64 homes for sale in May 2024, a 36.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 23 | 30 | +30.4% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Renville County housing inventory by bedroom type for May 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 30.4%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
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 Renville County in May 2024, up by 128.6% 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 Renville County, MN
How long does it take to sell a home in Renville County, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 62 Days | +32.1% |
Summary: Homes in Renville County had an average of 62 days on market in May 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Renville County; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.