$1,174 Closing Credit*
$98,900
1,030 SqFt
2 Beds
•1 Full Bath
Listing Office: Ferndale Realty
Is Brooklyn Center, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Brooklyn Center has remained a Seller's Market.
Key Takeaway
Brooklyn Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn Center, MN
How much do homes in Brooklyn Center, MN cost?
Median Sold Price
$294,666
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$14,666(+5.2%)
Key Takeaway
Homes in Brooklyn Center have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Brooklyn Center was $294,666 in August 2024, up 5.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.7K | $129.9K | +7.6% |
| 2 Bedrooms | $220K | $220.2K | 0.1% |
| 3 Bedrooms | $280K | $285K | +1.8% |
| 4 Bedrooms | $302.4K | $316K | +4.5% |
| 5+ Bedrooms | $345K | $345K | 0.0% |
Summary: Brooklyn Center housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Brooklyn Center | $280K | $294.6K | +5.2% |
| Crystal | $300K | $310K | +3.3% |
| Fridley | $309.5K | $316.5K | +2.3% |
| Brooklyn Park | $334.8K | $338.7K | +1.2% |
| Robbinsdale | $308.2K | $310.5K | +0.7% |
Housing Supply in Brooklyn Center, MN
How many homes are available in Brooklyn Center, MN?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 101 | 93 | -7.9% |
Summary: The Brooklyn Center real estate market had 93 homes for sale in August 2024, a 7.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 53 | 46 | -13.2% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Brooklyn Center housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 40 | 24 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn Center, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Brooklyn Center in August 2024, down by 40.0% month-over-month. Of the 24 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Brooklyn Center, MN
How long does it take to sell a home in Brooklyn Center, MN?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 21 Days | 17 Days | -15.3% |
Summary: Homes in Brooklyn Center had an average of 17 days on market in Aug 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brooklyn Center are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 24 homes were sold in Brooklyn Center; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
