Is Sibley 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, Sibley County has remained a Neutral Market.
Key Takeaway
Sibley 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 Sibley County, MN
How much do homes in Sibley County, MN cost?
Median Sold Price
$218,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sibley County have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Sibley County was $218,000 in April 2024, down 0.9% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $87.9K | N/A |
| 2 Bedrooms | $170K | $169.2K | -0.4% |
| 3 Bedrooms | $230K | $222.5K | -3.3% |
| 4 Bedrooms | $224.9K | $270K | +20.0% |
| 5+ Bedrooms | $334K | $280K | -16.2% |
Summary: Sibley County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Counties
| Nicollet County | $260K | $275K | +5.8% |
| McLeod County | $249.9K | $254.7K | +1.9% |
| Le Sueur County | $281K | $283.9K | +1.0% |
| Carver County | $433.2K | $435.1K | 0.4% |
| Sibley County | $220K | $218K | -0.9% |
Housing Supply in Sibley County, MN
How many homes are available in Sibley County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Sibley County real estate market had 36 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sibley 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sibley County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sibley County in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Sibley County, MN
How long does it take to sell a home in Sibley County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 91 Days | +220.4% |
Summary: Homes in Sibley County had an average of 91 days on market in Apr 2024, up by 220.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sibley County has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Sibley County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
