Is Washington County, 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, MN
How much do homes in Washington County, MN cost?
Median Sold Price
$410,308
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington County was $410,308 in April 2024, down 0.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $235K | +11.9% |
2 Bedrooms | $275K | $276.4K | 0.5% |
3 Bedrooms | $374.9K | $377.2K | +0.6% |
4 Bedrooms | $500.9K | $489.4K | -2.3% |
5+ Bedrooms | $639K | $608.4K | -4.8% |
Summary: Washington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Counties
Dakota County | $369.9K | $385.5K | +4.2% |
Saint Croix County | $364.9K | $374.7K | +2.7% |
Chisago County | $348.9K | $357.2K | +2.4% |
Ramsey County | $309.4K | $315.7K | +2.0% |
Washington County | $413.6K | $410.3K | -0.8% |
Housing Supply in Washington County, MN
How many homes are available in Washington County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,152 | 1,386 | +20.3% |
Summary: The Washington County real estate market had 1,386 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 218 | 248 | +13.8% |
3 Bedrooms | 416 | 503 | +20.9% |
4 Bedrooms | 335 | 388 | +15.8% |
5+ Bedrooms | 177 | 238 | +34.5% |
Summary: The Washington County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 34.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
260 | 313 | +20.4% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
97 Homes Were Sold
At Asking
108 Homes Were Sold
Over Asking
Summary: A total of 313 homes were sold or pending in Washington County in April 2024, up by 20.4% month-over-month. Of the 313 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for Washington County, MN
How long does it take to sell a home in Washington County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 31 Days | -10.1% |
Summary: Homes in Washington County had an average of 31 days on market in Apr 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
204 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 313 homes were sold in Washington County; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.