Is Champlin, 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, Champlin has remained a Seller's Market.
Housing Prices in Champlin, MN
How much do homes in Champlin, MN cost?
Median Sold Price
$364,450
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Champlin was $364,450 in April 2024, down 1.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $231.5K | N/A |
2 Bedrooms | $243.9K | $260K | +6.6% |
3 Bedrooms | $335K | $350K | +4.5% |
4 Bedrooms | $390K | $388K | -0.5% |
5+ Bedrooms | $663K | $502.5K | -24.2% |
Summary: Champlin 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 increased by 6.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 24.2%.
Median Sold Price Compared To Nearby Cities
Coon Rapids | $306.7K | $325K | +6.0% |
Anoka | $354.3K | $359.7K | +1.5% |
Brooklyn Park | $335K | $335.9K | 0.3% |
Champlin | $369.8K | $364.4K | -1.4% |
Dayton | $483.4K | $471.5K | -2.5% |
Housing Supply in Champlin, MN
How many homes are available in Champlin, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 83 | +33.9% |
Summary: The Champlin real estate market had 83 homes for sale in April 2024, a 33.9% 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 | 10 | 12 | +20.0% |
3 Bedrooms | 23 | 32 | +39.1% |
4 Bedrooms | 15 | 23 | +53.3% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Champlin 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 20%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Champlin in April 2024, up by 57.1% month-over-month. Of the 22 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Champlin, MN
How long does it take to sell a home in Champlin, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 20 Days | -44.4% |
Summary: Homes in Champlin had an average of 20 days on market in Apr 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Champlin; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.