Is Hopkins, 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, Hopkins has remained a Seller's Market.
Housing Prices in Hopkins, MN
How much do homes in Hopkins, MN cost?
Median Sold Price
$360,800
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hopkins was $360,800 in April 2024, up 3.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.5K | $150K | -1.6% |
2 Bedrooms | $250.5K | $255K | +1.8% |
3 Bedrooms | $375K | $392.6K | +4.7% |
4 Bedrooms | $510K | $527.5K | +3.4% |
5+ Bedrooms | $830K | $682.5K | -17.8% |
Summary: Hopkins housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Cities
Minnetonka | $440K | $468.7K | +6.5% |
Hopkins | $347.3K | $360.8K | +3.9% |
Saint Louis Park | $365K | $375.8K | +3.0% |
Edina | $583.1K | $580K | -0.5% |
Housing Supply in Hopkins, MN
How many homes are available in Hopkins, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 180 | +20.0% |
Summary: The Hopkins real estate market had 180 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 25 | +19.0% |
2 Bedrooms | 46 | 51 | +10.9% |
3 Bedrooms | 45 | 47 | +4.4% |
4 Bedrooms | 18 | 34 | +88.9% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Hopkins housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 55 | +52.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Hopkins in April 2024, up by 52.8% month-over-month. Of the 55 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% were sold over asking.
Days on Market for Hopkins, MN
How long does it take to sell a home in Hopkins, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 28 Days | +45.3% |
Summary: Homes in Hopkins had an average of 28 days on market in Apr 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Hopkins; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.