$199,900
Land
Listing Office: RE/MAX Results
Is Blue Earth County, 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 County has remained a Seller's Market.
Key Takeaway
Blue Earth County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blue Earth County, MN
How much do homes in Blue Earth County, MN cost?
Median Sold Price
$305,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,000(+7.4%)
Key Takeaway
Homes in Blue Earth County have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Blue Earth County was $305,000 in October 2024, up 7.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $140K | +34.6% |
| 2 Bedrooms | $240.9K | $236.5K | -1.8% |
| 3 Bedrooms | $260K | $250K | -3.8% |
| 4 Bedrooms | $318.9K | $358K | +12.2% |
| 5+ Bedrooms | $440K | $457K | +3.9% |
Summary: Blue Earth County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Counties
| Faribault County | $125K | $152.5K | +22.0% |
| Nicollet County | $275.1K | $309.9K | +12.6% |
| Blue Earth County | $284K | $305K | +7.4% |
| Le Sueur County | $290K | $289K | -0.3% |
| Waseca County | $238.2K | $230K | -3.5% |
Housing Supply in Blue Earth County, MN
How many homes are available in Blue Earth County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 131 | +14.9% |
Summary: The Blue Earth County real estate market had 131 homes for sale in October 2024, a 14.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 48 | 61 | +27.1% |
| 4 Bedrooms | 32 | 37 | +15.6% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Blue Earth County 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 9.1%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Earth County, you may be able to get a good deal. 37% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Blue Earth County in October 2024, up by 22.7% month-over-month. Of the 27 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.
Days on Market for Blue Earth County, MN
How long does it take to sell a home in Blue Earth County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 55 Days | +40.6% |
Summary: Homes in Blue Earth County had an average of 55 days on market in Oct 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blue Earth County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Blue Earth County; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
