2024 Winona County Real Estate Market Recap

The real estate market in Winona County, MN, saw some significant shifts in 2024, making it a year to remember for buyers, sellers, and realtors alike. Whether you’re planning to buy, sell, or simply want to stay informed, here’s a comprehensive look at the key trends shaping the housing market in our area.

Rising Home Prices in 2024

In 2024, the average sale price for homes in Winona County skyrocketed by 30.5%, reaching $261,610. For context, the average sale price at the end of 2023 was $201,000. This jump highlights the competitive nature of the market, where demand continues to outpace supply.

Market Activity at a Glance

Here are some key stats that defined 2024:

  • 553 homes were sold in Winona County, just two fewer than in 2023.
  • A majority of sales (57%) took place within the City of Winona.
  • The most popular price range was $150,000–$200,000, with 118 homes sold.
  • On the higher end, 72 homes sold for more than $400,000, and the highest recorded sale was $1.2 million for a home on the Mississippi River.

Understanding the Housing Shortage

Despite strong sales, Winona County continues to face a housing shortage. Here’s why:

  • New home construction hasn’t kept up with the growing demand.
  • Demolitions for other projects have reduced the number of available homes.
  • Smaller households mean fewer people are sharing homes, requiring more properties for the same population size.
  • The area is attracting more people from larger metro areas, adding further pressure to the market.

Looking Ahead

Several land sales in areas like Pleasant Valley and along Highway 43 are paving the way for future home construction. Additionally, a Trust is offering land leases in St. Charles to support workforce housing, which may provide some relief to the market in the coming years.

What This Means for Buyers and Sellers

For buyers, the competitive market means acting quickly when the right property comes along. For sellers, rising prices and high demand make this an excellent time to list your home.

As a Winona, MN-based real estate team, we’re here to guide you through these market conditions and help you achieve your goals. If you’d like a copy of the full report with more details, feel free to message us with your email address!

Why Work With a Winona MN Realtor?

Navigating the Winona County real estate market requires local expertise. As experienced realtors in the area, we understand the unique challenges and opportunities this market offers. From marketing your home with professional photography to helping you find the perfect property, we’re committed to making your real estate journey seamless.

Let’s connect today to discuss your real estate needs in Winona, MN!