Is Scott 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, Scott County has remained a Seller's Market.
Key Takeaway
Scott County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott County, MN
How much do homes in Scott County, MN cost?
Median Sold Price
$409,982
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Scott County have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Scott County was $409,982 in March 2024, down 0.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201.8K | $226.5K | +12.2% |
| 2 Bedrooms | $265K | $271.9K | +2.6% |
| 3 Bedrooms | $351.9K | $369.3K | +4.9% |
| 4 Bedrooms | $468.8K | $456.9K | -2.5% |
| 5+ Bedrooms | $555.9K | $615K | +10.6% |
Summary: Scott County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Counties
| Rice County | $307.9K | $325.2K | +5.6% |
| Le Sueur County | $280K | $289K | +3.2% |
| Carver County | $433.3K | $436.7K | +0.8% |
| Scott County | $412.8K | $409.9K | -0.7% |
| Sibley County | $225K | $215K | -4.4% |
Housing Supply in Scott County, MN
How many homes are available in Scott County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 522 | 615 | +17.8% |
Summary: The Scott County real estate market had 615 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 70 | 75 | +7.1% |
| 3 Bedrooms | 171 | 206 | +20.5% |
| 4 Bedrooms | 174 | 211 | +21.3% |
| 5+ Bedrooms | 107 | 122 | +14.0% |
Summary: The Scott County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 119 | +8.2% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott County, you may be able to get a good deal. 42% of homes here sold below asking price last month.
Summary: A total of 119 homes were sold or pending in Scott County in March 2024, up by 8.2% month-over-month. Of the 119 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Scott County, MN
How long does it take to sell a home in Scott County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 39 Days | -6.7% |
Summary: Homes in Scott County had an average of 39 days on market in Mar 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scott County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 119 homes were sold in Scott County; 67% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
