Is Sherburne 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, 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
$364,999
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sherburne County was $364,999 in May 2024, up 2.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163.5K | $200K | +22.3% |
2 Bedrooms | $254.9K | $277.5K | +8.8% |
3 Bedrooms | $325K | $338.1K | +4.1% |
4 Bedrooms | $401.7K | $418.9K | +4.3% |
5+ Bedrooms | $495K | $462.5K | -6.6% |
Summary: Sherburne County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Counties
Benton County | $270K | $284.9K | +5.5% |
Wright County | $364.8K | $375.5K | +2.9% |
Sherburne County | $355.2K | $364.9K | +2.7% |
Stearns County | $263.2K | $269.5K | +2.4% |
Isanti County | $310K | $315K | +1.6% |
Housing Supply in Sherburne County, MN
How many homes are available in Sherburne County, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
524 | 615 | +17.4% |
Summary: The Sherburne County real estate market had 615 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 93 | 99 | +6.5% |
3 Bedrooms | 178 | 220 | +23.6% |
4 Bedrooms | 175 | 204 | +16.6% |
5+ Bedrooms | 72 | 85 | +18.1% |
Summary: The Sherburne County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 18.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
144 | 116 | -19.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 116 homes were sold or pending in Sherburne County in May 2024, down by 19.4% month-over-month. Of the 116 sold homes, 24% were sold under asking, 34% were sold at asking, and 41% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 26 Days | -18.0% |
Summary: Homes in Sherburne County had an average of 26 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 116 homes were sold in Sherburne County; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.