Is Brook Park, 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, Brook Park has remained a Seller's Market.
Key Takeaway
Brook Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brook Park, MN
How much do homes in Brook Park, MN cost?
Median Sold Price
$235,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brook Park have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Brook Park was $235,000 in April 2024, down 2.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $143K | -8.3% |
| 2 Bedrooms | $205K | $190K | -7.3% |
| 3 Bedrooms | $290K | $249.5K | -14.0% |
| 4 Bedrooms | $300.5K | $355K | +18.1% |
| 5+ Bedrooms | $420K | $300K | -28.6% |
Summary: Brook Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Whited Township | $240K | $250K | +4.2% |
| Brook Park | $240K | $235K | -2.1% |
| Brook Park | $260K | $235K | -9.6% |
| Brook Park Township | $260K | $235K | -9.6% |
Housing Supply in Brook Park, MN
How many homes are available in Brook Park, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Brook Park real estate market had 13 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Brook Park 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brook Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Brook Park in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Brook Park, MN
How long does it take to sell a home in Brook Park, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 163 Days | 198 Days | +21.5% |
Summary: Homes in Brook Park had an average of 198 days on market in Apr 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brook Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Brook Park; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
