$4,513 Closing Credit*
$380,000
1,435 SqFt
3 Beds
•1 Full Bath
Listing Office: Reliance Realty Advisers, LLC
Is Bethel, 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, Bethel has remained a Seller's Market.
Key Takeaway
Bethel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethel, MN
How much do homes in Bethel, MN cost?
Median Sold Price
$410,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,875(+5.6%)
Key Takeaway
Homes in Bethel have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Bethel was $410,000 in November 2024, up 5.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202.5K | N/A |
| 2 Bedrooms | $350K | $247.4K | -29.3% |
| 3 Bedrooms | $340K | $401K | +17.9% |
| 4 Bedrooms | $430.7K | $465K | +8.0% |
| 5+ Bedrooms | $466.5K | $430K | -7.8% |
Summary: Bethel 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 decreased by 29.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| East Bethel | $383K | $418.7K | +9.3% |
| Bethel | $388.1K | $410K | +5.6% |
| Saint Francis | $339.8K | $358K | +5.3% |
Housing Supply in Bethel, MN
How many homes are available in Bethel, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Bethel real estate market had 21 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bethel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bethel, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bethel in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Bethel, MN
How long does it take to sell a home in Bethel, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 53 Days | +116.6% |
Summary: Homes in Bethel had an average of 53 days on market in Nov 2024, up by 116.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bethel are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Bethel; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
