Is Le Sueur County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Le Sueur County was a Seller's Market.
Key Takeaway
Le Sueur County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Le Sueur County, MN
How much do homes in Le Sueur County, MN cost?
Median Sold Price
$283,950
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Le Sueur County have sold for 1% more than they did a year ago.
Summary: The median home sold price in Le Sueur County was $283,950 in April 2024, up 1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $47.5K | -47.2% |
| 2 Bedrooms | $203.5K | $255K | +25.3% |
| 3 Bedrooms | $285K | $268K | -6.0% |
| 4 Bedrooms | $307K | $326.9K | +6.5% |
| 5+ Bedrooms | $387K | $444K | +14.7% |
Summary: Le Sueur County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.2%, 2 bedroom homes increased by 25.3%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Counties
| Waseca County | $210K | $242K | +15.2% |
| Rice County | $308.4K | $325.2K | +5.4% |
| Le Sueur County | $281K | $283.9K | +1.0% |
| Scott County | $411.7K | $410K | -0.4% |
| Sibley County | $220K | $218K | -0.9% |
Housing Supply in Le Sueur County, MN
How many homes are available in Le Sueur County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 84 | +12.0% |
Summary: The Le Sueur County real estate market had 84 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Le Sueur County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Le Sueur County, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Le Sueur County in April 2024, down by 30.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.
Days on Market for Le Sueur County, MN
How long does it take to sell a home in Le Sueur County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 66 Days | +73.7% |
Summary: Homes in Le Sueur County had an average of 66 days on market in Apr 2024, up by 73.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Le Sueur County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Le Sueur County; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
