Is Benton County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benton County has remained a Seller's Market.
Housing Prices in Benton County, MN
How much do homes in Benton County, MN cost?
Median Sold Price
$284,983
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton County was $284,983 in April 2024, up 5.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $255K | +100.0% |
2 Bedrooms | $225K | $246.9K | +9.7% |
3 Bedrooms | $260K | $275K | +5.8% |
4 Bedrooms | $283.4K | $304.9K | +7.6% |
5+ Bedrooms | $367K | $370K | +0.8% |
Summary: Benton County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Counties
Morrison County | $235.7K | $251.2K | +6.6% |
Benton County | $270K | $284.9K | +5.5% |
Stearns County | $261.4K | $270K | +3.3% |
Sherburne County | $360K | $360.8K | 0.2% |
Mille Lacs County | $305K | $296K | -2.9% |
Housing Supply in Benton County, MN
How many homes are available in Benton County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 101 | +27.8% |
Summary: The Benton County real estate market had 101 homes for sale in April 2024, a 27.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 37 | 47 | +27.0% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Benton County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Benton County in April 2024, up by 35.3% month-over-month. Of the 23 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for Benton County, MN
How long does it take to sell a home in Benton County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 34 Days | -59.1% |
Summary: Homes in Benton County had an average of 34 days on market in Apr 2024, down by 59.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Benton County; 74% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.