$938 Closing Credit*
$79,000
1,488 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Total Realty
Is Blue Earth, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Blue Earth was a Seller's Market.
Key Takeaway
Blue Earth is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Blue Earth, MN
How much do homes in Blue Earth, MN cost?
Median Sold Price
$103,000
$42/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$32,000(-23.7%)
Key Takeaway
Homes in Blue Earth have sold for 23.7% less than they did a month ago.
Summary: The median home sold price in Blue Earth was $103,000 in November 2024, down 23.7% from last month, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $97.2K | - | N/A |
| 3 Bedrooms | $162.5K | - | N/A |
| 4 Bedrooms | - | $103K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Blue Earth housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Blue Earth, MN
How many homes are available in Blue Earth, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Summary: The Blue Earth real estate market had 6 homes for sale in November 2024, a 45.5% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 1 | -80.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Blue Earth 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 100%, 3 bedroom homes decreased by 80%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Earth, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Blue Earth in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Blue Earth, MN
How long does it take to sell a home in Blue Earth, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 136 Days | +860.0% |
Summary: Homes in Blue Earth had an average of 136 days on market in Nov 2024, up by 860% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Blue Earth are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Blue Earth; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
