Is Brooklyn Center, 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, 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
$292,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brooklyn Center was $292,000 in April 2024, up 5.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.7K | $127.2K | +5.3% |
2 Bedrooms | $212.7K | $220.5K | +3.6% |
3 Bedrooms | $275K | $285K | +3.6% |
4 Bedrooms | $300K | $314.5K | +4.8% |
5+ Bedrooms | $333K | $345K | +3.6% |
Summary: Brooklyn Center housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Brooklyn Center | $276.5K | $292K | +5.6% |
Fridley | $308K | $315K | +2.3% |
Robbinsdale | $308.4K | $315K | +2.1% |
Crystal | $300K | $306.2K | +2.1% |
Brooklyn Park | $335K | $335.9K | 0.3% |
Housing Supply in Brooklyn Center, MN
How many homes are available in Brooklyn Center, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 95 | -3.1% |
Summary: The Brooklyn Center real estate market had 95 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 42 | 37 | -11.9% |
4 Bedrooms | 33 | 35 | +6.1% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Brooklyn Center housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Brooklyn Center in April 2024, up by 6.3% month-over-month. Of the 34 sold homes, 18% were sold under asking, 26% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 22 Days | -43.0% |
Summary: Homes in Brooklyn Center had an average of 22 days on market in Apr 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Brooklyn Center; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.