Is Scott County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$409,555
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Scott County has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.6K | $220.5K | +7.8% |
| 2 Bedrooms | $265K | $275K | +3.8% |
| 3 Bedrooms | $354.3K | $371K | +4.7% |
| 4 Bedrooms | $468.6K | $449.1K | -4.2% |
| 5+ Bedrooms | $560K | $601K | +7.3% |
Summary: Scott County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Counties
| Rice County | $314.9K | $329.3K | +4.6% |
| Carver County | $429.8K | $436.5K | +1.6% |
| Sibley County | $220K | $221.2K | +0.6% |
| Scott County | $409.7K | $409.5K | 0% |
| Le Sueur County | $285K | $284.9K | 0% |
Housing Supply in Scott County, MN
How many homes are available in Scott County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 663 | 802 | +21.0% |
Summary: The Scott County real estate market had 802 homes for sale in May 2024, a 21.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 92 | 110 | +19.6% |
| 3 Bedrooms | 203 | 248 | +22.2% |
| 4 Bedrooms | 252 | 292 | +15.9% |
| 5+ Bedrooms | 114 | 151 | +32.5% |
Summary: The Scott County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 32.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 151 | 196 | +29.8% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott County, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.
Summary: A total of 196 homes were sold or pending in Scott County in May 2024, up by 29.8% month-over-month. Of the 196 sold homes, 34% were sold under asking, 25% were sold at asking, and 41% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +25.3% |
Summary: Homes in Scott County had an average of 32 days on market in May 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
17 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 May 2024, 196 homes were sold in Scott County; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
