Is Maplewood, 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, Maplewood has remained a Seller's Market.
Key Takeaway
Maplewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maplewood, MN
How much do homes in Maplewood, MN cost?
Median Sold Price
$330,080
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Maplewood have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Maplewood was $330,080 in May 2024, up 4.2% 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 | $149.9K | $133.5K | -10.9% |
| 2 Bedrooms | $247K | $271.6K | +10.0% |
| 3 Bedrooms | $305K | $322K | +5.6% |
| 4 Bedrooms | $391.5K | $410K | +4.7% |
| 5+ Bedrooms | $452.7K | $430K | -5.0% |
Summary: Maplewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Oakdale | $330K | $349.9K | +6.0% |
| Little Canada | $339K | $357.5K | +5.5% |
| Maplewood | $316.9K | $330K | +4.2% |
| North Saint Paul | $315K | $316.5K | 0.5% |
| Vadnais Heights | $350K | $350K | 0.0% |
Housing Supply in Maplewood, MN
How many homes are available in Maplewood, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 134 | +28.8% |
Summary: The Maplewood real estate market had 134 homes for sale in May 2024, a 28.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 20 | 27 | +35.0% |
| 3 Bedrooms | 43 | 55 | +27.9% |
| 4 Bedrooms | 28 | 39 | +39.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Maplewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 27.9%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 39 | +56.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maplewood, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Maplewood in May 2024, up by 56.0% month-over-month. Of the 39 sold homes, 21% were sold under asking, 21% were sold at asking, and 59% were sold over asking.
Days on Market for Maplewood, MN
How long does it take to sell a home in Maplewood, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +18.2% |
Summary: Homes in Maplewood had an average of 19 days on market in May 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maplewood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 39 homes were sold in Maplewood; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
