$850,000
Land
Listing Office: Edina Realty, Inc.
Is Scott 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, Scott County has remained a Seller's Market.
Key Takeaway
Scott County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott County, MN
How much do homes in Scott County, MN cost?
Median Sold Price
$413,704
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,845(+2.2%)
Key Takeaway
Homes in Scott County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Scott County was $413,704 in October 2024, up 2.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.5K | $231.2K | +4.9% |
| 2 Bedrooms | $270K | $279.9K | +3.7% |
| 3 Bedrooms | $365K | $369.7K | +1.3% |
| 4 Bedrooms | $462.4K | $464.9K | 0.5% |
| 5+ Bedrooms | $600K | $593.3K | -1.1% |
Summary: Scott County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
| Carver County | $434K | $449.9K | +3.7% |
| Rice County | $324.6K | $335K | +3.2% |
| Scott County | $404.8K | $413.7K | +2.2% |
| Le Sueur County | $290K | $289K | -0.3% |
| Sibley County | $220K | $215K | -2.3% |
Housing Supply in Scott County, MN
How many homes are available in Scott County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 672 | 727 | +8.2% |
Summary: The Scott County real estate market had 727 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 91 | 103 | +13.2% |
| 3 Bedrooms | 220 | 234 | +6.4% |
| 4 Bedrooms | 241 | 249 | +3.3% |
| 5+ Bedrooms | 115 | 139 | +20.9% |
Summary: The Scott County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 20.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 151 | -10.7% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott County, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.
Summary: A total of 151 homes were sold or pending in Scott County in October 2024, down by 10.7% month-over-month. Of the 151 sold homes, 40% were sold under asking, 27% were sold at asking, and 32% were sold over asking.
Days on Market for Scott County, MN
How long does it take to sell a home in Scott County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -7.7% |
Summary: Homes in Scott County had an average of 33 days on market in Oct 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scott County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 151 homes were sold in Scott County; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
