$6,234 Closing Credit*
$525,000
3,443 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is Belle Plaine, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Belle Plaine has remained a Seller's Market.
Key Takeaway
Belle Plaine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Plaine, MN
How much do homes in Belle Plaine, MN cost?
Median Sold Price
$350,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,750(+5.7%)
Key Takeaway
Homes in Belle Plaine have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Belle Plaine was $350,000 in November 2024, up 5.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $277.4K | $294.9K | +6.3% |
| 3 Bedrooms | $300K | $336.7K | +12.3% |
| 4 Bedrooms | $342.5K | $369.9K | +8.0% |
| 5+ Bedrooms | $389.9K | $384.5K | -1.4% |
Summary: Belle Plaine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Belle Plaine | $331.2K | $350K | +5.7% |
| Belle Plaine Township | $331.2K | $350K | +5.7% |
Housing Supply in Belle Plaine, MN
How many homes are available in Belle Plaine, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Belle Plaine real estate market had 50 homes for sale in November 2024, a 6.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Belle Plaine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Plaine, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Belle Plaine in November 2024, up by 266.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Belle Plaine, MN
How long does it take to sell a home in Belle Plaine, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -12.6% |
Summary: Homes in Belle Plaine had an average of 23 days on market in Nov 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belle Plaine are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Belle Plaine; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
