Is Scott 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, Scott County has remained a Seller's Market.
Key Takeaway
Scott County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott County, MN
How much do homes in Scott County, MN cost?
Median Sold Price
$410,049
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Scott County has remained the same since last year.
Summary: The median home sold price in Scott County was $410,049 in April 2024, down 0.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201.8K | $220.5K | +9.3% |
| 2 Bedrooms | $265K | $275K | +3.8% |
| 3 Bedrooms | $354.4K | $369.9K | +4.4% |
| 4 Bedrooms | $469.5K | $453.8K | -3.4% |
| 5+ Bedrooms | $557K | $608.9K | +9.3% |
Summary: Scott County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Counties
| Rice County | $308.4K | $325.2K | +5.4% |
| Le Sueur County | $281K | $283.9K | +1.0% |
| Carver County | $433.2K | $435.1K | 0.4% |
| Scott County | $411.7K | $410K | -0.4% |
| Sibley County | $220K | $218K | -0.9% |
Housing Supply in Scott County, MN
How many homes are available in Scott County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 574 | 713 | +24.2% |
Summary: The Scott County real estate market had 713 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 | 2 | +100.0% |
| 2 Bedrooms | 74 | 93 | +25.7% |
| 3 Bedrooms | 181 | 221 | +22.1% |
| 4 Bedrooms | 202 | 277 | +37.1% |
| 5+ Bedrooms | 116 | 120 | +3.4% |
Summary: The Scott 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 25.7%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 144 | +7.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott County, you could pay more than the asking price. 38.2% of homes here sold above asking price last month.
Summary: A total of 144 homes were sold or pending in Scott County in April 2024, up by 7.5% month-over-month. Of the 144 sold homes, 34% were sold under asking, 28% were sold at asking, and 38% were sold over asking.
Days on Market for Scott County, MN
How long does it take to sell a home in Scott County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 25 Days | -26.2% |
Summary: Homes in Scott County had an average of 25 days on market in Apr 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scott County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 144 homes were sold in Scott County; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
