Is Maple Grove, 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, Maple Grove has remained a Seller's Market.
Housing Prices in Maple Grove, MN
How much do homes in Maple Grove, MN cost?
Median Sold Price
$399,953
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $280K | $281K | 0.4% |
3 Bedrooms | $362.2K | $360K | -0.6% |
4 Bedrooms | $474.4K | $475.1K | 0.1% |
5+ Bedrooms | $650K | $697.5K | +7.3% |
Summary: Maple Grove 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 0.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Osseo | $400K | $539K | +34.8% |
Brooklyn Park | $335K | $335.9K | 0.3% |
Maple Grove | $400K | $399.9K | 0% |
Champlin | $369.8K | $364.4K | -1.4% |
Corcoran | $580K | $535.6K | -7.6% |
Housing Supply in Maple Grove, MN
How many homes are available in Maple Grove, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
293 | 385 | +31.4% |
Summary: The Maple Grove real estate market had 385 homes for sale in April 2024, a 31.4% 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 | 43 | 61 | +41.9% |
3 Bedrooms | 84 | 130 | +54.8% |
4 Bedrooms | 95 | 116 | +22.1% |
5+ Bedrooms | 71 | 78 | +9.9% |
Summary: The Maple Grove 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 41.9%, 3 bedroom homes increased by 54.8%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 93 | +40.9% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Maple Grove in April 2024, up by 40.9% month-over-month. Of the 93 sold homes, 30% were sold under asking, 26% were sold at asking, and 44% were sold over asking.
Days on Market for Maple Grove, MN
How long does it take to sell a home in Maple Grove, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 30 Days | +28.6% |
Summary: Homes in Maple Grove had an average of 30 days on market in Apr 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 93 homes were sold in Maple Grove; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.