Is Le Sueur County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Le Sueur County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Le Sueur County was a Seller's Market.

Key Takeaway

Le Sueur County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Le Sueur County, MN

How much do homes in Le Sueur County, MN cost?

Median Sold Price

$294,250

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,300(+5.5%)

Key Takeaway

Homes in Le Sueur County have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Le Sueur County was $294,250 in February 2024, up 5.5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $89.9K$47.5K
-47.2%
2 $201K$264.1K
+31.4%
3 $279.9K$275.4K
-1.6%
4 $307K$320.5K
+4.4%
5+ $405K$447K
+10.4%

Summary: Le Sueur County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.2%, 2 bedroom homes increased by 31.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Counties

Waseca County
+15.2%
Rice County
+6.4%
Le Sueur County
+5.5%
Scott County
-2.2%
Sibley County
-4.4%

Housing Supply in Le Sueur County, MN

How many homes are available in Le Sueur County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6172+18.0%

Summary: The Le Sueur County real estate market had 72 homes for sale in February 2024, a 18.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 813
+62.5%
3 4042
+5.0%
4 1011
+10.0%
5+ 35
+66.7%

Summary: The Le Sueur County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Le Sueur County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Le Sueur County in February 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Le Sueur County, MN

How long does it take to sell a home in Le Sueur County, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days84 Days+7.0%

Summary: Homes in Le Sueur County had an average of 84 days on market in Feb 2024, up by 7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Le Sueur County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 8 homes were sold in Le Sueur County; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% 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 27 Days Ago

Newest Listings in Le Sueur County, MN

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