Is Blue Earth County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Blue Earth County has remained a Buyer's Market.
Key Takeaway
Blue Earth County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blue Earth County, MN
How much do homes in Blue Earth County, MN cost?
Median Sold Price
$284,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blue Earth County have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Blue Earth County was $284,000 in March 2024, down 4.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $108K | +3.8% |
| 2 Bedrooms | $230K | $245K | +6.5% |
| 3 Bedrooms | $230K | $258K | +12.2% |
| 4 Bedrooms | $335.5K | $313.8K | -6.5% |
| 5+ Bedrooms | $421.6K | $446.6K | +5.9% |
Summary: Blue Earth County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Counties
| Waseca County | $215K | $241K | +12.1% |
| Le Sueur County | $280K | $289K | +3.2% |
| Blue Earth County | $296.5K | $284K | -4.2% |
Housing Supply in Blue Earth County, MN
How many homes are available in Blue Earth County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 100 | +38.9% |
Summary: The Blue Earth County real estate market had 100 homes for sale in March 2024, a 38.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 28 | 39 | +39.3% |
| 4 Bedrooms | 16 | 25 | +56.3% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Blue Earth County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Earth County, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Blue Earth County in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for Blue Earth County, MN
How long does it take to sell a home in Blue Earth County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 92 Days | +97.1% |
Summary: Homes in Blue Earth County had an average of 92 days on market in Mar 2024, up by 97.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Blue Earth County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 13 homes were sold in Blue Earth County; 15% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.
