$3,741 Closing Credit*
$315,000
1,830 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Right Move Realty
Is Sherburne 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, Sherburne County has remained a Seller's Market.
Key Takeaway
Sherburne County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherburne County, MN
How much do homes in Sherburne County, MN cost?
Median Sold Price
$369,975
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,884(+4.2%)
Key Takeaway
Homes in Sherburne County have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Sherburne County was $369,975 in October 2024, up 4.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $221K | +19.5% |
| 2 Bedrooms | $259K | $288.5K | +11.4% |
| 3 Bedrooms | $333.6K | $349.7K | +4.8% |
| 4 Bedrooms | $409K | $407K | -0.5% |
| 5+ Bedrooms | $471.7K | $459.9K | -2.5% |
Summary: Sherburne County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Benton County | $275K | $295.7K | +7.5% |
| Stearns County | $266.6K | $279.9K | +5.0% |
| Sherburne County | $355K | $369.9K | +4.2% |
| Wright County | $374.9K | $374.8K | 0% |
| Isanti County | $317.3K | $313.2K | -1.3% |
Housing Supply in Sherburne County, MN
How many homes are available in Sherburne County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 563 | 647 | +14.9% |
Summary: The Sherburne County real estate market had 647 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 | 9 | 6 | -33.3% |
| 2 Bedrooms | 91 | 95 | +4.4% |
| 3 Bedrooms | 206 | 232 | +12.6% |
| 4 Bedrooms | 174 | 210 | +20.7% |
| 5+ Bedrooms | 83 | 104 | +25.3% |
Summary: The Sherburne County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 25.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 130 | +23.8% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherburne County, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Sherburne County in October 2024, up by 23.8% month-over-month. Of the 130 sold homes, 38% were sold under asking, 35% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +41.2% |
Summary: Homes in Sherburne County had an average of 38 days on market in Oct 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
11 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 October 2024, 130 homes were sold in Sherburne County; 55% 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.
