Is Brooklyn Center, 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, Brooklyn Center has remained a Seller's Market.
Housing Prices in Brooklyn Center, MN
How much do homes in Brooklyn Center, MN cost?
Median Sold Price
$295,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brooklyn Center was $295,000 in May 2024, up 6.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.5K | $127.2K | +3.0% |
2 Bedrooms | $215K | $220.7K | +2.7% |
3 Bedrooms | $275K | $285K | +3.6% |
4 Bedrooms | $300K | $315K | +5.0% |
5+ Bedrooms | $329K | $345K | +4.9% |
Summary: Brooklyn Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Brooklyn Center | $276K | $295K | +6.9% |
Fridley | $307K | $317K | +3.3% |
Crystal | $300K | $309K | +3.0% |
Brooklyn Park | $330.6K | $338.5K | +2.4% |
Robbinsdale | $309.5K | $311.5K | +0.6% |
Housing Supply in Brooklyn Center, MN
How many homes are available in Brooklyn Center, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 112 | +7.7% |
Summary: The Brooklyn Center real estate market had 112 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 41 | 52 | +26.8% |
4 Bedrooms | 39 | 37 | -5.1% |
5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The Brooklyn Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 26.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 28 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Brooklyn Center in May 2024, down by 22.2% month-over-month. Of the 28 sold homes, 14% were sold under asking, 21% were sold at asking, and 64% were sold over asking.
Days on Market for Brooklyn Center, MN
How long does it take to sell a home in Brooklyn Center, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 24 Days | +171.6% |
Summary: Homes in Brooklyn Center had an average of 24 days on market in May 2024, up by 171.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Brooklyn Center; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.