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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Bethel is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, East Bethel has remained a Seller's Market.

Key Takeaway

East Bethel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Bethel, MN

How much do homes in East Bethel, MN cost?

Median Sold Price

$418,750

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,750(+9.3%)

Key Takeaway

Homes in East Bethel have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in East Bethel was $418,750 in November 2024, up 9.3% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K$244.7K
-5.9%
2 $323K$315.9K
-2.2%
3 $355.5K$410K
+15.3%
4 $425K$455.5K
+7.2%
5+ $475.5K$460K
-3.3%

Summary: East Bethel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Ham Lake
+14.5%
East Bethel
+9.3%
Bethel
+5.6%
Cedar
+1.3%

Housing Supply in East Bethel, MN

How many homes are available in East Bethel, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5647-16.1%

Summary: The East Bethel real estate market had 47 homes for sale in November 2024, a 16.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 85
-37.5%
3 2425
+4.2%
4 1611
-31.3%
5+ 65
-16.7%

Summary: The East 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 37.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
238-65.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Bethel, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in East Bethel in November 2024, down by 65.2% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.

Days on Market for East Bethel, MN

How long does it take to sell a home in East Bethel, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days43 Days+121.3%

Summary: Homes in East Bethel had an average of 43 days on market in Nov 2024, up by 121.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in East Bethel; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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

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