$7,113 Closing Credit*
$599,000
2,120 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Elite Real Estate Services
Is Stearns 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, Stearns County has remained a Seller's Market.
Key Takeaway
Stearns County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stearns County, MN
How much do homes in Stearns County, MN cost?
Median Sold Price
$279,942
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,799(+4.8%)
Key Takeaway
Homes in Stearns County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Stearns County was $279,942 in November 2024, up 4.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $102.5K | -24.1% |
| 2 Bedrooms | $224K | $247K | +10.3% |
| 3 Bedrooms | $254.3K | $258.8K | +1.8% |
| 4 Bedrooms | $300K | $305K | +1.7% |
| 5+ Bedrooms | $356.5K | $341.4K | -4.2% |
Summary: Stearns County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $255K | $282.5K | +10.8% |
| Benton County | $278.2K | $297.3K | +6.9% |
| Stearns County | $267.1K | $279.9K | +4.8% |
| Sherburne County | $356.3K | $372.5K | +4.5% |
| Wright County | $373.9K | $375K | 0.3% |
Housing Supply in Stearns County, MN
How many homes are available in Stearns County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 600 | 578 | -3.7% |
Summary: The Stearns County real estate market had 578 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 100 | 90 | -10.0% |
| 3 Bedrooms | 229 | 229 | 0.0% |
| 4 Bedrooms | 191 | 181 | -5.2% |
| 5+ Bedrooms | 70 | 69 | -1.4% |
Summary: The Stearns County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 133 | 130 | -2.3% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stearns County, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Stearns County in November 2024, down by 2.3% month-over-month. Of the 130 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Stearns County, MN
How long does it take to sell a home in Stearns County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 40 Days | +20.6% |
Summary: Homes in Stearns County had an average of 40 days on market in Nov 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stearns County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 130 homes were sold in Stearns County; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
