$37,000
Land
Listing Office: Central MN Realty LLC
Is Benton County, 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, Benton County has remained a Seller's Market.
Key Takeaway
Benton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton County, MN
How much do homes in Benton County, MN cost?
Median Sold Price
$297,350
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,083(+6.9%)
Key Takeaway
Homes in Benton County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Benton County was $297,350 in November 2024, up 6.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $144.9K | -27.5% |
| 2 Bedrooms | $245K | $238.4K | -2.7% |
| 3 Bedrooms | $265K | $285K | +7.5% |
| 4 Bedrooms | $299.9K | $310K | +3.4% |
| 5+ Bedrooms | $357K | $335K | -6.2% |
Summary: Benton County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.5%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Counties
| Benton County | $278.2K | $297.3K | +6.9% |
| Mille Lacs County | $299.9K | $315K | +5.0% |
| Morrison County | $245K | $256.9K | +4.9% |
| Stearns County | $267.1K | $279.9K | +4.8% |
| Sherburne County | $356.3K | $372.5K | +4.5% |
Housing Supply in Benton County, MN
How many homes are available in Benton County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 87 | -12.1% |
Summary: The Benton County real estate market had 87 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 38 | 33 | -13.2% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Benton County 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 decreased by 31.3%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Benton County in November 2024, down by 10.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for Benton County, MN
How long does it take to sell a home in Benton County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 38 Days | +53.4% |
Summary: Homes in Benton County had an average of 38 days on market in Nov 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Benton County; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
