$1,057 Closing Credit*
$89,000
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 October 2023
Since last year, Blue Earth has remained a Seller's Market.
Key Takeaway
Blue Earth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blue Earth, MN
How much do homes in Blue Earth, MN cost?
Median Sold Price
$157,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+5.4%)
Key Takeaway
Homes in Blue Earth have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Blue Earth was $157,500 in October 2024, up 5.4% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.5K | $150K | +9.1% |
| 3 Bedrooms | $139.7K | $155K | +10.9% |
| 4 Bedrooms | $172.7K | $192K | +11.1% |
| 5+ Bedrooms | $106K | - | N/A |
Summary: Blue Earth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 11.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Blue Earth real estate market had 11 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Blue Earth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Earth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Blue Earth in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -9.6% |
Summary: Homes in Blue Earth had an average of 14 days on market in Oct 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blue Earth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Blue Earth; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
