Is Rosemount, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rosemount was a Seller's Market.
Key Takeaway
Rosemount is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rosemount, MN
How much do homes in Rosemount, MN cost?
Median Sold Price
$400,453
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rosemount have sold for 4% more than they did a year ago.
Summary: The median home sold price in Rosemount was $400,453 in May 2024, up 4% 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 | $174K | $200K | +14.9% |
| 2 Bedrooms | $272.4K | $295K | +8.3% |
| 3 Bedrooms | $353.5K | $360K | +1.8% |
| 4 Bedrooms | $460K | $475K | +3.3% |
| 5+ Bedrooms | $579K | $594.9K | +2.8% |
Summary: Rosemount housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Apple Valley | $350K | $369.1K | +5.5% |
| Rosemount | $385K | $400.4K | +4.0% |
| Eagan | $374.7K | $380K | +1.4% |
| Empire Township | $474.9K | $460K | -3.1% |
Housing Supply in Rosemount, MN
How many homes are available in Rosemount, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 209 | 271 | +29.7% |
Summary: The Rosemount real estate market had 271 homes for sale in May 2024, a 29.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 31 | 40 | +29.0% |
| 3 Bedrooms | 69 | 95 | +37.7% |
| 4 Bedrooms | 71 | 86 | +21.1% |
| 5+ Bedrooms | 37 | 48 | +29.7% |
Summary: The Rosemount housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 29.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosemount, expect to pay close to the asking price. 46.5% of homes here sold near the asking price last month.
Summary: A total of 43 homes were sold or pending in Rosemount in May 2024, up by 22.9% month-over-month. Of the 43 sold homes, 23% were sold under asking, 47% were sold at asking, and 30% were sold over asking.
Days on Market for Rosemount, MN
How long does it take to sell a home in Rosemount, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 30 Days | +89.4% |
Summary: Homes in Rosemount had an average of 30 days on market in May 2024, up by 89.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rosemount are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in Rosemount; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
