Is Dayton, 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, Dayton has remained a Seller's Market.
Key Takeaway
Dayton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dayton, MN
How much do homes in Dayton, MN cost?
Median Sold Price
$471,540
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dayton have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Dayton was $471,540 in April 2024, down 2.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $457.4K | $452.5K | -1.1% |
| 3 Bedrooms | $408.3K | $363.9K | -10.9% |
| 4 Bedrooms | $497K | $543.9K | +9.4% |
| 5+ Bedrooms | $625K | $605K | -3.2% |
Summary: Dayton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in Dayton, MN
How many homes are available in Dayton, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 130 | +6.6% |
Summary: The Dayton real estate market had 130 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 39 | 39 | 0.0% |
| 4 Bedrooms | 63 | 67 | +6.3% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Dayton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dayton, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Dayton in April 2024, down by 3.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 41% were sold at asking, and 26% were sold over asking.
Days on Market for Dayton, MN
How long does it take to sell a home in Dayton, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 51 Days | -23.7% |
Summary: Homes in Dayton had an average of 51 days on market in Apr 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dayton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Dayton; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
