Is Bethel, 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, Bethel has remained a Seller's Market.
Key Takeaway
Bethel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethel, MN
How much do homes in Bethel, MN cost?
Median Sold Price
$414,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bethel have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Bethel was $414,950 in April 2024, up 9.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $401K | $350K | -12.7% |
| 3 Bedrooms | $329.1K | $345K | +4.8% |
| 4 Bedrooms | $421K | $450K | +6.9% |
| 5+ Bedrooms | $412.5K | $456.5K | +10.7% |
Summary: Bethel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Bethel | $377.5K | $414.9K | +9.9% |
| East Bethel | $390K | $399.5K | +2.4% |
| Saint Francis | $335K | $340K | +1.5% |
Housing Supply in Bethel, MN
How many homes are available in Bethel, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Bethel real estate market had 13 homes for sale in April 2024, a 18.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bethel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bethel, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bethel in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Bethel, MN
How long does it take to sell a home in Bethel, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 6 Days | -41.5% |
Summary: Homes in Bethel had an average of 6 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethel are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Bethel; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
