Is Blue Earth County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Blue Earth County has remained a Seller's Market.
Housing Prices in Blue Earth County, MN
How much do homes in Blue Earth County, MN cost?
Median Sold Price
$292,500
$148/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Blue Earth County was $292,500 in April 2024, the same as last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $113K | -3.4% |
2 Bedrooms | $229.5K | $247.7K | +8.0% |
3 Bedrooms | $239.9K | $258K | +7.5% |
4 Bedrooms | $340.5K | $319.9K | -6.0% |
5+ Bedrooms | $415K | $445.2K | +7.3% |
Summary: Blue Earth County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Counties
Waseca County | $210K | $242K | +15.2% |
Nicollet County | $260K | $275K | +5.8% |
Faribault County | $130K | $135K | +3.8% |
Le Sueur County | $281K | $283.9K | +1.0% |
Blue Earth County | $292.5K | $292.5K | 0.0% |
Housing Supply in Blue Earth County, MN
How many homes are available in Blue Earth County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 123 | +24.2% |
Summary: The Blue Earth County real estate market had 123 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 36 | 49 | +36.1% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Blue Earth County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 24 | +84.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Blue Earth County in April 2024, up by 84.6% month-over-month. Of the 24 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Blue Earth County, MN
How long does it take to sell a home in Blue Earth County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 36 Days | -15.9% |
Summary: Homes in Blue Earth County had an average of 36 days on market in Apr 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Blue Earth County; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.