Is Sherburne County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sherburne County has remained a Seller's Market.
Housing Prices in Sherburne County, MN
How much do homes in Sherburne County, MN cost?
Median Sold Price
$360,875
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sherburne County was $360,875 in April 2024, up 0.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $195K | +18.2% |
2 Bedrooms | $255K | $270.9K | +6.3% |
3 Bedrooms | $325.8K | $336.8K | +3.4% |
4 Bedrooms | $407.6K | $416.4K | +2.1% |
5+ Bedrooms | $490K | $464.9K | -5.1% |
Summary: Sherburne County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Counties
Benton County | $270K | $284.9K | +5.5% |
Wright County | $363.6K | $375.7K | +3.3% |
Stearns County | $261.4K | $270K | +3.3% |
Isanti County | $312.6K | $315K | +0.7% |
Sherburne County | $360K | $360.8K | 0.2% |
Housing Supply in Sherburne County, MN
How many homes are available in Sherburne County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
481 | 571 | +18.7% |
Summary: The Sherburne County real estate market had 571 homes for sale in April 2024, a 18.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 89 | 102 | +14.6% |
3 Bedrooms | 157 | 194 | +23.6% |
4 Bedrooms | 162 | 191 | +17.9% |
5+ Bedrooms | 68 | 78 | +14.7% |
Summary: The Sherburne County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 139 | +37.6% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Sherburne County in April 2024, up by 37.6% month-over-month. Of the 139 sold homes, 31% were sold under asking, 32% were sold at asking, and 37% were sold over asking.
Days on Market for Sherburne County, MN
How long does it take to sell a home in Sherburne County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 31 Days | -10.4% |
Summary: Homes in Sherburne County had an average of 31 days on market in Apr 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 139 homes were sold in Sherburne County; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.