$3,028 Closing Credit*
$255,000
2,175 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Results
Is Sherburne County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Sherburne County was a Seller's Market.
Key Takeaway
Sherburne County 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 Sherburne County, MN
How much do homes in Sherburne County, MN cost?
Median Sold Price
$372,530
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,174(+4.5%)
Key Takeaway
Homes in Sherburne County have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Sherburne County was $372,530 in November 2024, up 4.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $220.5K | +13.1% |
| 2 Bedrooms | $262K | $287.3K | +9.7% |
| 3 Bedrooms | $331.1K | $350.3K | +5.8% |
| 4 Bedrooms | $410K | $405.9K | -1.0% |
| 5+ Bedrooms | $470K | $455.4K | -3.1% |
Summary: Sherburne County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Benton County | $278.2K | $297.3K | +6.9% |
| Stearns County | $267.1K | $279.9K | +4.8% |
| Sherburne County | $356.3K | $372.5K | +4.5% |
| Isanti County | $315K | $316.6K | 0.5% |
| Wright County | $373.9K | $375K | 0.3% |
Housing Supply in Sherburne County, MN
How many homes are available in Sherburne County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 600 | 589 | -1.8% |
Summary: The Sherburne County real estate market had 589 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 89 | 79 | -11.2% |
| 3 Bedrooms | 218 | 210 | -3.7% |
| 4 Bedrooms | 190 | 191 | 0.5% |
| 5+ Bedrooms | 97 | 104 | +7.2% |
Summary: The Sherburne County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 7.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 92 | -32.8% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherburne County, you could pay more than the asking price. 39.1% of homes here sold above asking price last month.
Summary: A total of 92 homes were sold or pending in Sherburne County in November 2024, down by 32.8% month-over-month. Of the 92 sold homes, 38% were sold under asking, 23% were sold at asking, and 39% were sold over asking.
Days on Market for Sherburne County, MN
How long does it take to sell a home in Sherburne County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +22.2% |
Summary: Homes in Sherburne County had an average of 36 days on market in Nov 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherburne County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 92 homes were sold in Sherburne County; 57% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
