$2,375 Closing Credit*
$200,000
1,417 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Sibley County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sibley County was a Seller's Market.
Key Takeaway
Sibley County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sibley County, MN
How much do homes in Sibley County, MN cost?
Median Sold Price
$215,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-2.3%)
Key Takeaway
Homes in Sibley County have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Sibley County was $215,000 in October 2024, down 2.3% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | - | N/A |
| 2 Bedrooms | $170K | $169.5K | -0.3% |
| 3 Bedrooms | $230K | $219.5K | -4.6% |
| 4 Bedrooms | $224.9K | $276.5K | +22.9% |
| 5+ Bedrooms | $385K | $255.5K | -33.6% |
Summary: Sibley County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Counties
| Nicollet County | $275.1K | $309.9K | +12.6% |
| Carver County | $434K | $449.9K | +3.7% |
| McLeod County | $251K | $256.6K | +2.2% |
| Le Sueur County | $290K | $289K | -0.3% |
| Sibley County | $220K | $215K | -2.3% |
Housing Supply in Sibley County, MN
How many homes are available in Sibley County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 70 | +20.7% |
Summary: The Sibley County real estate market had 70 homes for sale in October 2024, a 20.7% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Sibley 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 increased by 50%, 3 bedroom homes increased by 22.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sibley County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sibley County in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Sibley County, MN
How long does it take to sell a home in Sibley County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +27.4% |
Summary: Homes in Sibley County had an average of 42 days on market in Oct 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sibley County has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Sibley County; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
