$4,630 Closing Credit*
$389,900
2,119 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is Blaine, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Blaine has remained a Seller's Market.
Key Takeaway
Blaine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blaine, MN
How much do homes in Blaine, MN cost?
Median Sold Price
$381,048
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,031(+2.7%)
Key Takeaway
Homes in Blaine have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Blaine was $381,048 in September 2024, up 2.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $598.5K | $257.5K | -57.0% |
| 2 Bedrooms | $274.9K | $276K | 0.4% |
| 3 Bedrooms | $350.4K | $353.9K | +1.0% |
| 4 Bedrooms | $449.9K | $448.8K | -0.3% |
| 5+ Bedrooms | $530.6K | $580K | +9.3% |
Summary: Blaine housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Shoreview | $351.3K | $398.6K | +13.5% |
| Coon Rapids | $314.9K | $325K | +3.2% |
| Circle Pines | $350K | $359.9K | +2.8% |
| Blaine | $371K | $381K | +2.7% |
Housing Supply in Blaine, MN
How many homes are available in Blaine, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 350 | 353 | +0.9% |
Summary: The Blaine real estate market had 353 homes for sale in September 2024, a 0.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 53 | 55 | +3.8% |
| 3 Bedrooms | 118 | 119 | +0.8% |
| 4 Bedrooms | 105 | 106 | +1.0% |
| 5+ Bedrooms | 73 | 72 | -1.4% |
Summary: The Blaine housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 95 | 80 | -15.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blaine, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 80 homes were sold or pending in Blaine in September 2024, down by 15.8% month-over-month. Of the 80 sold homes, 36% were sold under asking, 24% were sold at asking, and 40% were sold over asking.
Days on Market for Blaine, MN
How long does it take to sell a home in Blaine, MN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +27.0% |
Summary: Homes in Blaine had an average of 27 days on market in Sep 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blaine are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 80 homes were sold in Blaine; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
