Is Blaine, 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, 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
$375,317
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blaine have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Blaine was $375,317 in April 2024, up 0.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $598.5K | $200K | -66.6% |
| 2 Bedrooms | $273K | $275K | +0.7% |
| 3 Bedrooms | $354.5K | $350K | -1.3% |
| 4 Bedrooms | $443.2K | $450K | +1.5% |
| 5+ Bedrooms | $559.5K | $528.9K | -5.5% |
Summary: Blaine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Coon Rapids | $306.7K | $325K | +6.0% |
| Blaine | $373.2K | $375.3K | +0.6% |
| Circle Pines | $355K | $350K | -1.4% |
| Shoreview | $380K | $365.8K | -3.7% |
Housing Supply in Blaine, MN
How many homes are available in Blaine, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 328 | 367 | +11.9% |
Summary: The Blaine real estate market had 367 homes for sale in April 2024, a 11.9% 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 | 43 | 44 | +2.3% |
| 3 Bedrooms | 124 | 144 | +16.1% |
| 4 Bedrooms | 103 | 126 | +22.3% |
| 5+ Bedrooms | 58 | 53 | -8.6% |
Summary: The Blaine 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 2.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 79 | -13.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blaine, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 79 homes were sold or pending in Blaine in April 2024, down by 13.2% month-over-month. Of the 79 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +20.8% |
Summary: Homes in Blaine had an average of 33 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 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 April 2024, 79 homes were sold in Blaine; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
