Is Carver County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Carver County has remained a Seller's Market.
Key Takeaway
Carver County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carver County, MN
How much do homes in Carver County, MN cost?
Median Sold Price
$436,542
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carver County have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Carver County was $436,542 in May 2024, up 1.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180.1K | $185K | +2.7% |
| 2 Bedrooms | $275K | $278.9K | +1.4% |
| 3 Bedrooms | $374.9K | $384.9K | +2.7% |
| 4 Bedrooms | $499.9K | $497.8K | -0.4% |
| 5+ Bedrooms | $660K | $636.5K | -3.6% |
Summary: Carver County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Hennepin County | $367.1K | $377.8K | +2.9% |
| Wright County | $364.8K | $375.5K | +2.9% |
| Carver County | $429.8K | $436.5K | +1.6% |
| Sibley County | $220K | $221.2K | +0.6% |
| Scott County | $409.7K | $409.5K | 0% |
Housing Supply in Carver County, MN
How many homes are available in Carver County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 590 | 661 | +12.0% |
Summary: The Carver County real estate market had 661 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 72 | 79 | +9.7% |
| 3 Bedrooms | 201 | 209 | +4.0% |
| 4 Bedrooms | 192 | 216 | +12.5% |
| 5+ Bedrooms | 117 | 150 | +28.2% |
Summary: The Carver County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 28.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 141 | 139 | -1.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
66 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carver County, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
Summary: A total of 139 homes were sold or pending in Carver County in May 2024, down by 1.4% month-over-month. Of the 139 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for Carver County, MN
How long does it take to sell a home in Carver County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | -2.1% |
Summary: Homes in Carver County had an average of 24 days on market in May 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carver County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 139 homes were sold in Carver County; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
