Olmsted County, MN Home Values & Market Trends

The median home price in Olmsted County, MN is $305,964.74. There were 2,714 home sales in Olmsted County, MN over the past 12 months. The median residential Olmsted County, MN home value for transactions over the previous year is $278,340.308. The number of current listings in Olmsted County, MN is 247, and the percentage of properties for sale is 247.00%. The county has 16 foreclosures, 5 bank owned properties, 11 headed for auction, and 247 properties for sale.

Olmsted County, MN Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Rochester

$ 329,900

$ 162/sqft

Eyota

$ 174,250

$ 90/sqft

Byron

$ 330,000

$ 173/sqft

Oronoco

$ 731,208

$ 155/sqft

Stewartville

$ 305,000

$ 163/sqft

Dover

$ --

$ --

Housing Market Summary for Olmsted County, MN

Apr 2023March 2024Change
Median Listing Price$299.9K$312.2K4.11%
Median Sold Price$291.7K$312.2K7.03%
Homes For Sale284218-23.24%
Homes Sold9411,47356.54%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Olmsted County, MN

Olmsted County, MN home values range from $23,087 to $5,415,143. Oronoco is the priciest city with a median listing home price of $649,450, and Eyota is most affordable with average house prices of around $136,950.

Foreclosure
There are 6 cities within Olmsted County, MN; within these cities, the median estimated home value for homes in foreclosure ranges from $429,778 in Oronoco to the lowest value of $174,671 in Oronoco. Foreclosure homes account for 0.00% of properties in Olmsted County, MN with Rochester containing 11 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Olmsted County, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 6 cities within Olmsted County, MN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Olmsted County, MN ranges from the highest value of $345,337 in Stewartville to the lowest value of $174,671 in Oronoco. Bank owned homes and properties account for 0.01% of properties in Olmsted County, MN. There are 6 cities within Olmsted County, MN; Rochester containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Rochester has 8 auction properties, the highest number of properties going to auction in a single city in the state of Olmsted County, MN. Auction homes and other auction properties account for 0.02% of all properties in Olmsted County, MN. There are 6 cities within Olmsted County, MN; of those cities, the median estimated home value for homes going to auction ranges from $822,142 in Stewartville to the lowest value of $240,335 in Stewartville.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.46% of residential properties in Olmsted County, MN with Rochester containing 210 homes for sale, the highest number of listed properties in a single city. There are 6 cities within Olmsted County, MN; homes for sale in those cities, have a range of median values from $950,000 in Oronoco to the lowest value of $43,759 in Eyota.
    Sold Homes
    The median value for recently sold homes ranges from $308,125 in Dover to the lowest price of $27,845 in Dover. There are 6 cities within Olmsted County, MN. Rochester has 1102 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.44% of properties in Olmsted County, MN.

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      Guide for Olmsted County, MN

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.