Cottonwood County Housing Market Report December 2024•Cottonwood County, Minnesota

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Housing Prices in Cottonwood County, MN

How much do homes in Cottonwood County, MN cost?

Housing Market Conditions

Is Cottonwood County, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cottonwood County is a Buyer's Market

Difference Since December 2023

At the same time last year, Cottonwood County was a Seller's Market.

Insight

Cottonwood County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$142,000$82/SqFt
-$23,000
-13.9%

Based on all homes sold in the last 12 months

Insight

Homes in Cottonwood County have sold for 13.9% less than they did a year ago.

Summary: The median home sold price in Cottonwood County was $142,000 in December 2024, down 13.9% from last year, and the median price per square foot was $82.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Murray County
+50.2%
Jackson County
+12.4%
Redwood County
+3.9%
Cottonwood County
-13.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
5$225K$144.9K
-35.6%
1$77K$60K
-22.1%
2$130K$93.7K
-27.9%
3$145.1K$151.7K
+4.6%
4$200K$169K
-15.5%

Summary: Cottonwood County housing price by bedroom type for December 2024, compared to the previous year. The home price for 5 bedroom homes decreased by -35.6%. The home price for 1 bedroom homes decreased by -22.1%. The home price for 2 bedroom homes decreased by -27.9%. The home price for 3 bedroom homes increased by +4.6%. The home price for 4 bedroom homes decreased by -15.5%.

Housing supply in Cottonwood County, MN

How many homes are available in Cottonwood County, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
66Last MonthDec 2024
722 months agoNov 2024
-8.3 %
Change MoMNov – Dec

Summary: The Cottonwood County real estate market had 66 homes for sale in Dec 2024, a 8.3 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthDec 2024
112 months agoNov 2024
-18.2 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
545
+25.0%
102
+100.0%
22320
-13.0%
33027
-10.0%
41512
-20.0%

Summary: Cottonwood County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 5 bedroom homes increased by +25.0%. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -13.0%. The inventory for 3 bedroom homes decreased by -10.0%. The inventory for 4 bedroom homes decreased by -20.0%.

Asking Price vs. Sold Price

How much do homes in Cottonwood County, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price7 Homes

Insight

If you're buying a home in Cottonwood County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Cottonwood County in December 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and and 11% were sold over asking.

Days on Market for Cottonwood County, MN

How long does it take to sell a home in Cottonwood County, MN?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

Many homes in Cottonwood County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in Cottonwood County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
92 DaysThis YearDec 2024
148 Days1 year agoDec 2023
-37.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Cottonwood County had an average listing age of 92 days in Dec 2024, down by 37.6% compared to the previous year.

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Newest Listings in Cottonwood County, MN

What homes are available in Cottonwood County, MN?

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Last updated on: 1/29/2025, 3:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.