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 May 2023
Since last year, Blue Earth County has remained a Seller's Market.
Housing Prices in Blue Earth County, MN
How much do homes in Blue Earth County, MN cost?
Median Sold Price
$291,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Blue Earth County was $291,000 in May 2024, down 1.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $113K | -3.4% |
2 Bedrooms | $229.9K | $245.2K | +6.7% |
3 Bedrooms | $249.9K | $257K | +2.8% |
4 Bedrooms | $332.4K | $323K | -2.8% |
5+ Bedrooms | $421.6K | $445.2K | +5.6% |
Summary: Blue Earth County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Counties
Waseca County | $211K | $240K | +13.7% |
Faribault County | $127K | $137.2K | +8.1% |
Nicollet County | $266.5K | $276.3K | +3.7% |
Le Sueur County | $285K | $284.9K | 0% |
Blue Earth County | $296.5K | $291K | -1.9% |
Housing Supply in Blue Earth County, MN
How many homes are available in Blue Earth County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 132 | +7.3% |
Summary: The Blue Earth County real estate market had 132 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 49 | 52 | +6.1% |
4 Bedrooms | 30 | 40 | +33.3% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Blue Earth County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 32 | +23.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Blue Earth County in May 2024, up by 23.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 38 Days | -25.7% |
Summary: Homes in Blue Earth County had an average of 38 days on market in May 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Blue Earth County; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.