Is Stearns 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, Stearns County has remained a Seller's Market.
Key Takeaway
Stearns County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stearns County, MN
How much do homes in Stearns County, MN cost?
Median Sold Price
$270,017
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Stearns County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Stearns County was $270,017 in April 2024, up 3.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $90K | -32.8% |
| 2 Bedrooms | $225K | $225K | 0.0% |
| 3 Bedrooms | $242.6K | $256K | +5.5% |
| 4 Bedrooms | $285K | $296.8K | +4.1% |
| 5+ Bedrooms | $345K | $346.9K | +0.6% |
Summary: Stearns County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $242K | $264.2K | +9.2% |
| Benton County | $270K | $284.9K | +5.5% |
| Stearns County | $261.4K | $270K | +3.3% |
| Wright County | $363.6K | $375.7K | +3.3% |
| Sherburne County | $360K | $360.8K | 0.2% |
Housing Supply in Stearns County, MN
How many homes are available in Stearns County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 476 | 581 | +22.1% |
Summary: The Stearns County real estate market had 581 homes for sale in April 2024, a 22.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 87 | 100 | +14.9% |
| 3 Bedrooms | 183 | 216 | +18.0% |
| 4 Bedrooms | 142 | 191 | +34.5% |
| 5+ Bedrooms | 61 | 70 | +14.8% |
Summary: The Stearns County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 129 | +31.6% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stearns County, you may be able to get a good deal. 40.3% of homes here sold below asking price last month.
Summary: A total of 129 homes were sold or pending in Stearns County in April 2024, up by 31.6% month-over-month. Of the 129 sold homes, 40% were sold under asking, 22% were sold at asking, and 38% were sold over asking.
Days on Market for Stearns County, MN
How long does it take to sell a home in Stearns County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 44 Days | +5.2% |
Summary: Homes in Stearns County had an average of 44 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stearns County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 129 homes were sold in Stearns County; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
