$5,343 Closing Credit*
$449,900
2,830 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is Scott County, 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, 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
$414,127
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,384(+1.3%)
Key Takeaway
Homes in Scott County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Scott County was $414,127 in November 2024, up 1.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.7K | $222.5K | -3.2% |
| 2 Bedrooms | $270K | $279.9K | +3.7% |
| 3 Bedrooms | $365K | $370K | +1.4% |
| 4 Bedrooms | $459.9K | $469.4K | +2.1% |
| 5+ Bedrooms | $600K | $592.5K | -1.3% |
Summary: Scott County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Counties
| Carver County | $431.8K | $450.6K | +4.3% |
| Rice County | $325.2K | $335K | +3.0% |
| Sibley County | $220K | $225K | +2.3% |
| Scott County | $408.7K | $414.1K | +1.3% |
| Le Sueur County | $294.2K | $284.9K | -3.2% |
Housing Supply in Scott County, MN
How many homes are available in Scott County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 651 | 619 | -4.9% |
Summary: The Scott County real estate market had 619 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 93 | 89 | -4.3% |
| 3 Bedrooms | 208 | 193 | -7.2% |
| 4 Bedrooms | 225 | 217 | -3.6% |
| 5+ Bedrooms | 123 | 119 | -3.3% |
Summary: The Scott County 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 4.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 170 | 119 | -30.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
36 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. 46.2% of homes here sold below asking price last month.
Summary: A total of 119 homes were sold or pending in Scott County in November 2024, down by 30.0% month-over-month. Of the 119 sold homes, 46% were sold under asking, 24% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +3.3% |
Summary: Homes in Scott County had an average of 34 days on market in Nov 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 119 homes were sold in Scott County; 56% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
