Is Benton County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton County is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Benton County was a Seller's Market.

Key Takeaway

Benton County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Benton County, MN

How much do homes in Benton County, MN cost?

Median Sold Price

$282,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,550(+4.6%)

Key Takeaway

Homes in Benton County have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Benton County was $282,500 in February 2024, up 4.6% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $110K$255K
+131.8%
2 $232K$245K
+5.6%
3 $260K$277.4K
+6.7%
4 $279.2K$295K
+5.6%
5+ $351K$364.5K
+3.8%

Summary: Benton County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Counties

Morrison County
+8.3%
Benton County
+4.6%
Stearns County
+3.1%
Sherburne County
0.2%
Mille Lacs County
-7.1%

Housing Supply in Benton County, MN

How many homes are available in Benton County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5564+16.4%

Summary: The Benton County real estate market had 64 homes for sale in February 2024, a 16.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1525
+66.7%
4 2222
0.0%
5+ 109
-10.0%

Summary: The Benton County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
10100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton County, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Benton County in February 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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

Feb 2023Feb 2024CHANGE
63 Days33 Days-46.6%

Summary: Homes in Benton County had an average of 33 days on market in Feb 2024, down by 46.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Benton County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 10 homes were sold in Benton County; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Benton County, MN

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