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.
Key Takeaway
Blue Earth County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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.
Key Takeaway
The sold price of homes in Blue Earth County has remained the same since last year.
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
Key Takeaway
If you're buying a home in Blue Earth County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Blue Earth County are selling fast, if you're buying plan to act quickly.
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.
