Is Sibley County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sibley County was a Seller's Market.
Key Takeaway
Sibley County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sibley County, MN
How much do homes in Sibley County, MN cost?
Median Sold Price
$215,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sibley County have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Sibley County was $215,000 in March 2024, down 4.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $87.9K | N/A |
| 2 Bedrooms | $170K | $169K | -0.6% |
| 3 Bedrooms | $230K | $221.2K | -3.8% |
| 4 Bedrooms | $240K | $258.5K | +7.7% |
| 5+ Bedrooms | $334K | $280K | -16.2% |
Summary: Sibley County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Counties
| McLeod County | $250K | $260.1K | +4.0% |
| Le Sueur County | $280K | $289K | +3.2% |
| Carver County | $433.3K | $436.7K | +0.8% |
| Sibley County | $225K | $215K | -4.4% |
Housing Supply in Sibley County, MN
How many homes are available in Sibley County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Sibley County real estate market had 34 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Sibley 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 decreased by 16.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sibley County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sibley County in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sibley County, MN
How long does it take to sell a home in Sibley County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 67 Days | -11.0% |
Summary: Homes in Sibley County had an average of 67 days on market in Mar 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sibley County has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Sibley County; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
