Is Bethel, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bethel is a seller's market

Buyer's
Market

Difference Since November 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

$410,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,875(+5.6%)

Key Takeaway

Homes in Bethel have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Bethel was $410,000 in November 2024, up 5.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$202.5K
N/A
2 $350K$247.4K
-29.3%
3 $340K$401K
+17.9%
4 $430.7K$465K
+8.0%
5+ $466.5K$430K
-7.8%

Summary: Bethel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Cities

East Bethel
+9.3%
Bethel
+5.6%
Saint Francis
+5.3%

Housing Supply in Bethel, MN

How many homes are available in Bethel, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21210.0%

Summary: The Bethel real estate market had 21 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 42
-50.0%
3 510
+100.0%
4 65
-16.7%
5+ 43
-25.0%

Summary: The Bethel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bethel, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Bethel in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
24 Days53 Days+116.6%

Summary: Homes in Bethel had an average of 53 days on market in Nov 2024, up by 116.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Bethel; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 12 Days Ago

Newest Listings in Bethel, MN

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