Is Benton County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Benton County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $255K | +131.8% |
2 Bedrooms | $232K | $245K | +5.6% |
3 Bedrooms | $260K | $277.4K | +6.7% |
4 Bedrooms | $279.2K | $295K | +5.6% |
5+ Bedrooms | $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 | $234.2K | $253.7K | +8.3% |
Benton County | $269.9K | $282.5K | +4.6% |
Stearns County | $260.5K | $268.5K | +3.1% |
Sherburne County | $359.9K | $360.6K | 0.2% |
Mille Lacs County | $315.1K | $292.7K | -7.1% |
Housing Supply in Benton County, MN
How many homes are available in Benton County, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 64 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 15 | 25 | +66.7% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 10 | 9 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 33 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
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.